Independent agents may have an advantage because it may not always work in your best interest to insure your auto and home with the same company. They can also switch companies when it is advantageous for the insured. Different companies have different niches. As for coverage limits, I like to start with liability limits of 100,000 per person, 300,000 per incident bodily injury, and 100,000 property damage liability. This is the minimum I recommend, although, after discussing it with my client, I will adjust the limits up or down based on their financial situation and needs. You need to consider the possibility of hitting a pedestrian or hitting a car and pushing it into another car. Both of these circumstances could lead to the need for high liability coverage. Most insurance companies will reward you with a better premium if you have carried higher liability limits in the past. If you are interested in an umbrella or excess liability coverage, most companies require your auto liability coverage to be a minimum of 250,000 per person, 500,000 per incident bodily injury, and 100,000 property damage on all autos covered. Uninsured motorist and underinsured motorist, I like to match the bodily injury liability limits. These cover you in event somebody hits you and is not insured or carries limits too low to cover your injuries. Why wouldn't you protect yourself with as much coverage as you cover others with? Medical coverage is very important. I like to start with a minimum of 5000. This covers everybody in your car per person. It covers no matter who is to blame. It may even cover you should you be struck by a car when you are not in you own vehicle, such as walking or riding a bike. It is paid out regardless of your personal medical coverage and can be used to cover deductibles. You should have knowledge of your personal medical coverage when deciding on the amount of your auto medical coverage. If you have satisfactory personal coverage, you may not have the need to carry high limits for your auto coverage. Most people do not realize that if you are the cause of an auto accident and you are injured, your bodily injuries may not be covered by anything other than the auto medical coverage or your own personal medical coverage. The bodily injury coverage on your auto policy is liability coverage and you can not hold yourself liable. I usually recommend other coverage’s such as towing, rental coverage, and glass coverage, which normally are not very expensive and help with convenience. These are the first options to consider cutting when trying to save money. Most people can get by without these. Independent agents may have an advantage because it may not always work in your best interest to insure your auto and home with the same company. They can also switch companies when it is advantageous for the insured. Different companies have different niches. As for coverage limits, I like to start with liability limits of 100,000 per person, 300,000 per incident bodily injury, and 100,000 property damage liability. This is the minimum I recommend, although, after discussing it with my client, I will adjust the limits up or down based on their financial situation and needs. You need to consider the possibility of hitting a pedestrian or hitting a car and pushing it into another car. Both of these circumstances could lead to the need for high liability coverage. Most insurance companies will reward you with a better premium if you have carried higher liability limits in the past. If you are interested in an umbrella or excess liability coverage, most companies require your auto liability coverage to be a minimum of 250,000 per person, 500,000 per incident bodily injury, and 100,000 property damage on all autos covered. Uninsured motorist and underinsured motorist, I like to match the bodily injury liability limits. These cover you in event somebody hits you and is not insured or carries limits too low to cover your injuries. Why wouldn't you protect yourself with as much coverage as you cover others with? Medical coverage is very important. I like to start with a minimum of 5000. This covers everybody in your car per person. It covers no matter who is to blame. It may even cover you should you be struck by a car when you are not in you own vehicle, such as walking or riding a bike. It is paid out regardless of your personal medical coverage and can be used to cover deductibles. You should have knowledge of your personal medical coverage when deciding on the amount of your auto medical coverage. If you have satisfactory personal coverage, you may not have the need to carry high limits for your auto coverage. Most people do not realize that if you are the cause of an auto accident and you are injured, your bodily injuries may not be covered by anything other than the auto medical coverage or your own personal medical coverage. The bodily injury coverage on your auto policy is liability coverage and you can not hold yourself liable. I usually recommend other coverage’s such as towing, rental coverage, and glass coverage, which normally are not very expensive and help with convenience. These are the first options to consider cutting when trying to save money. Most people can get by without these.
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