Do You Buy Auto Insurance Only On Price















Is price the most important part of shopping for insurance?  If you say yes you could be setting yourself up for a large headache down the road.  If you are responsible for a serious accident, the last thing on your mind is how much am I paying for insurance.  You’re going to be concerned if or if not your policy will cover the injuries, loss of work, damages, or rehab of the party injured in the accident. 


 


If the injured party gets an attorney the first thing they will do is find out what your limits are on your insurance policy.  The second thing they will look at is the possibility of collecting a settlement over the limits of your insurance, if the injuries are projected to be over the limits. 


 


What can the attorney of the injured party go after?  Most everything in your financial portfolio is on the table.  They can come after all assets including, checking accounts, savings accounts, and other investment accounts.  They can place a lien against your home or come after your vehicles.  They can also garnish your future wages.  Not having the proper coverage can cause your family to endure a long court process and then a wiping out of your family assets.  This would be one of the worst scenarios, but it can happen.  


 


What is the best plan of action?  Review your assets and get an idea of what could be lost in the case that there is a bad claim.  Double check with your insurance agent to make sure you have adequate coverage to cover you in case of a bad accident.  Once you’ve done that, you should look at price to make sure you’re getting the best deal for your family.  Make sure you are with a company that has a good track record of taking care of their clients.


 


You have insurance for a reason.  No need to get cheap on insurance and let yourself to be exposed to something catastrophic later.  Protect your assets today before it’s too late.  Once the accident happens we can’t change the coverage to increase your limits.  Be ready, be prepared, and be proactive.      





Raymond E. Grim is an insurance agent with American Family Insurance.  He has been serving the Surprise, AZ area since 2001.  Raymond specializes in auto insurance, home insurance, life insurance, and business insurance.  Raymond is also an active member of the Surprise Regional Chamber of Commerce.  Raymond along with his wife are also associate pastors for CFTN Surprise.  Raymond along with his staff gives honest and quality service for your insurance needs.


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