Underinsured Motorists With Changing Driving Patterns And Insurance Needs

October 2, 2006 | By: Inszo | Comments (0) | Posted in: Auto

More than 4 of 10 families survey by Trusted Choice® who said they had a young driver move away from the home hadn’t updated their family’s auto insurance coverage to reflect that change. Of those who are frequent carpool drivers to a job, school or activities with children, an alarming 85% hadn’t changed their liability insurance coverage to reflect the increased risk of additional passengers in the automobile.

Also, if you have purchased property or a home since you first purchased your auto insurance policy, you may want to consider upping your Bodily Injury and Property Damage Liability coverage levels. If you own a home and make more than $75,000 a year, most insurance experts recommend that you own at least $100,000/$300,000 of Bodily Injury coverage and $100,000 total of Property Damage Liability coverage.

Remember to keep yourself adequately covered; while having the bare minimums required by each state may keep you in compliance with state laws, they may not be enough to protect your assets if you have a major incident. Insurance experts recommend that you review your insurance policy often and thoroughly.

 

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