We always check in with our clients on their liability limits. Do you have “enough”? How much does it cost to have more? We can always figure out the how much it costs part. As for the “Do you have enough?” part… if we could only see the future!
We always spend a lot of time focusing on bodily injury limits so today we wanted to do a quick review of the property damage liability part of your car insurance policy.
Many of our clients have selected either a limit of $100,000 per accident or $250,000 per accident for property damage liability.
Sounds like a lot of coverage until you start to consider the following things:
- Range of pricing for new Tesla cars $42,000 – $132,000
- Our 87 year old client hit the gas instead of the brake and went through a building
- Our 23 year old client who took out a utility pole, guard rails and caused a tractor trailer to overturn
Somehow, $100,000 does not sound like enough!
No one plans on having an accident but if you do you want to make sure your liability limits are adequate.
The roads are more crowded with more drivers, many with more expensive vehicles than ever before, so please take a quick look at your liability limits and you decide if you have a high enough limit.
We know car insurance can be expensive. We want you to know that if you are a safe driver with a good driving record the price to increase your property damage limit from $100,000 to $250,000 is on average $10-$20 per year. Now that is a good insurance buy!
Your destination is your reward for safe driving! Be safe out there.
Herlihy Group – Here to Help!