Auto insurance policies, when not planned out
carefully, can have dangerous gaps in coverage that leave the policyholder at
risk for financial problems after an accident, theft, fire or other insurable incident.
This year, update your auto insurance policy to consider the following:
Is your limit on pace with car repair costs and value? Auto repair costs don’t always stay the same from year to year; labor,
parts and shipping costs can all change drastically leaving you little actual
recompense from your policy unless you adjust your limits. Work with your agent
to determine what your limits should be based on these expenses and your Kelley
Blue Book value.
Do you have enough coverage for the average liability claim? Your automobile coverage will offer you protection from both bodily
injury and property damage liabilities, but will it offer you enough? Talk to
your agent about a limit that gives you protection based on current-day claims
averages and talk about the possibility of adding an umbrella policy for your
auto and home liabilities.
Do you need uninsured motorist coverage? You may be insured, but that doesn’t mean every motorist on the road
is. Uninsured or underinsured motorist coverage supplements your damages when
the person who causes your accident doesn’t have the insurance policy to pay them.
Can you reduce your overall risk exposure? If you’ve just gotten state-required coverage then you’re doing little
to protect your own interests in an accident. Without collision and
comprehensive you could be exposed to financial losses after an accident,
theft, vandalism, fire or other natural disaster.
How affordable are those deductibles? Make sure
your deductibles are still practical for your lifestyle. After a job loss, big
expense or other life change, large deductibles can become a greater burden
than they initially were.
Do you need to add roadside assistance? A breakdown, flat tire, or depleted gas tank can happen to anyone. If
you don’t currently have roadside assistance on your policy, don’t wait until
you wish you did before you add it.
Should you add loss of use? If you can’t use
your car after an insurable incident damages it, how are you going to run
errands, get to work and bring the kids to school? With loss of use coverage,
your auto policy can keep you on the road by paying your emergency rental car
expenses.
We have all the tools you need to compare premiums,
set limits and deductibles and choose coverage options. Give us a call to
complete your annual auto insurance review and you can start 2012 out on the
right foot.
Call us today at (254) 526-0535 to make sure your car insurance in Killeen Texas is up to par or visit our office.
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