Because accidents can happen to the best of us, carrying the right amount of Bodily Injury liability coverage is very critical. The costs associated with an injury accident can be staggering, and you don’t want to get tagged with a personal bill to pay that could have been easily avoided by purchasing the right level of coverage for only a few more dollars each month.
Only you can determine the right coverage level for your needs, but here are some ideas to help you with that decision. If you are involved in an accident where someone is seriously hurt or dies, you likely wouldn’t have as large of a liability target on your back as a celebrity like Beyonce, a Billionaire like Bill Gates, or an athlete like Serena Williams would. But just because you aren’t part of that ½% doesn’t mean you’re off the hook legally and shouldn’t carry the right amount of coverage.
As insurance professionals, we aren’t attorneys and can’t give you any legal advice, but a good common sense place to start is to at least carry enough to protect your assets plus your income. So if your income is $35,000/year, you live in a comfortable apartment, and your paid off car is worth $10,000, $50,000 could be a good place to start. Or maybe your household income is $89,000 and you own a home worth $250,000, you’d likely want at least $350,000 of coverage.
Speak with a Comma insurance professional today to look at some options with you get the right coverage in place for you and your family today. This decision is ultimately up to you, but we’re here to help along the way.