New Car Insurance Tips
Understanding how an new car automobile policy can respond to your injuries is important to your financial stability. Many times people are seriously injured in automobile accidents and have great financial loss because they failed to protect themselves properly. When your insurance agent explains your policy, pay particular attention to the Uninsured and Underinsured provisions.
Uninsured Motorist Coverage protects you, the insured, any relatives living in your household for losses suffered if injury is caused by the negligence of a driver who does not have any insurance to pay for losses and damages.
Recent studies indicate that 1 in 10 drivers do not have automobile insurance. The illegal alien problem in America is a direct cause to this statistic. This means if you are injured and have a financial loss including medical expenses and the driver causing the damage has no insurance, unless you have selected Uninsured Motorist Coverage, you will receive no remuneration to pay for your loss.
Uninsured Motorist Coverage provides limits starting at $15,000. per person and can be acquired up to $250.000. The limits however may not be higher than your bodily injury limits on your policy.
If you select Stacked Coverage on your Uninsured part of the policy, the sum of the limits of each vehicle is the limit for this coverage. For example, if your Uninsured Motorist selection is $100,000. stacked, and you have 3 cars on the policy, than the limit is actually $300,000.
This valuable coverage will follow you even if you are not in your insured vehicle. An example is if you were walking across the mall parking lot and an unidentified vehicle hits you while walking and speeds off, than your auto policy will respond from the Uninsured Motorist Coverage.
I todayís society, personal responsibility includes providing protection through the Uninsured Motorist Coverage. This will help prevent financial loss due to anotherís irresponsibility.
At NewCarSeek.com, we highly endorse Philip Baker Insurance Services, Inc. They feel that the best source of information is talking with your Licensed Insurance Agent about your specific needs for your new car purchase, or any other insurance coverage you and your family may need.
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