When you invest in insurance, you always want it to come to your rescue in your hour of need. But how can this happen if you have underpaid? Underinsurance is common in America, and most policyholders learn the hard way when filing for a claim. But should this be the case? Absolutely not. Buy the right amount of insurance, and it will serve you optimally when you need it to.
Are you purchasing car insurance in Commerce, GA? Do you know the amount of insurance sufficient for your needs? If not, please hang on as Commerce Insurance Agency guides the amount of car insurance you need.
Meet the state requirements
Like most states, Georgia requires motorists to purchase car insurance to drive on the road legally. All motorists must invest in bodily injury and property damage liability coverage of a combined total of $100,000. You might think that this amount is huge, but it is likely to fall short when faced with significant liability claims. As such, you need to consider higher limits.
How much liability coverage do I need?
We usually advise motorists to carry liability coverage of 100/300/100. However, if your assets and earnings exceed these amounts, we typically recommend you to invest in umbrella insurance for extra liability coverage.
How much comprehensive or collision coverage do I need?
As a rule of thumb, purchase coverage adequate to replace your vehicle without significant out-of-pocket expenses. Only target to pay deductibles as the only out-of-pocket expense when your vehicle is totaled or stolen. Consider “zero depreciation coverage” if you don’t want to get compensation less the depreciation factor.
The above is just a guide to the amount of car insurance needed. If you need more information in Commerce, GA, be sure to get in touch with Commerce Insurance Agency for tailor-made advice.