You’re in the market for a new car. Congrats. I’m sure you’re looking at cool makes and models. You’re checking out gas mileage rates and different types of interiors.
But before you go any further, have you asked yourself how much automobile insurance you have?
I know, you’re “fully insured.” But what does fully insured mean?! Tell me how much you’re covered for if you hurt someone in a car accident? Or how much you are protected in the event that you’re injured?
Without the right insurance, all of that hard work could mean a whole lot less.
I’ve seen too many people come into my office (both educated and uneducated, rich and poor) who have been injured but are underinsured. Did you know that a couple nights in the hospital can result in a six figure hospital bill? And for those underinsured people, it means havoc is reaped on their financial life.
Remember all of those endless nights you spent studying to get your degree so you could make money? Remember those sacrifices you made so you could save enough to buy that house?
Get One Million In Coverage!
Before you buy that car, pull out your automobile insurance policy. If it says anything less than $1 million in both Liability Insurance or Uninsured/Underinsured Motorist Coverage, get on the phone with Geico, State Farm, or whoever it may be, and tell them to increase it. It’s only a minimal increase in your primiums.
Come on, people! Get into gear!