Licensed in Missouri and Kansas

Do You Have Enough Insurance Coverage if You Are in a Car Accident?

Purchasing insurance for your vehicle can get complicated very quickly. In Missouri, you have various options. You can choose state minimum liability coverage providing $25,000.00 per person/$50,000.00 per occurrence. You can buy liability insurance with limits as high as or higher than $1,000.000.00. You can add medical payments coverage – a type of no fault coverage to cover small amounts of medical bills, and there are various types of coverage to cover the value of your vehicle.

Everyone knows what their deductible would be, but many people are confused about how much insurance they have. If you injure someone in a car accident, do you have enough insurance to cover the other person's injuries? Did you know if you don't have enough, that person may be able to file a lawsuit against you and come after you for your personal assets? That is why it is important to speak with your insurance agent about the costs for increasing your bodily injury liability limits; for many people, it may only be a few dollars per month to increase your liability limits to a very comfortable amount. A simple call to your insurance agent now can save you down the line.

Now, what if you are injured by someone else's negligence? What if the other driver does not have insurance or their limits are very low. Uninsured motorist coverage provides coverage in the event you are hit by a hit and run driver or by a driver who did not purchase auto insurance. But what if they have insurance, but your injuries are so severe that their insurance is insufficient to cover all of your damages. The best protection against this type of situation is to purchase Underinsured Motorist Coverage. These types of insurance coverage also have various options for money limits, and many times the difference between an extra $25,000 in coverage versus $100,000.00 in extra coverage is only a few dollars per month.

In any event, it's always better to figure out these details before you are involved in a serious accident; so speak with your insurance agent and get the details on whether you can be better protected. If you have any questions about whether your auto insurance will cover a particular claim, please feel free to give us a call.