Introducing Evertree Mountain States
As you look to purchase auto insurance, you need to pay close attention to the amount of coverage your policy provides. While you are required to carry a minimum amount of insurance, many people opt for a higher coverage level. Here is why you may wish to opt for more coverage than you are required to carry by law.
If you are involved in an auto accident, and the amount of damage done is higher than your coverage amount, you can be held personally liable for these differences. For example, if your collision coverage is $15,000, and you total a car worth $30,000, the driver of that car can sue you for the difference of $15,000. Your insurance company will only pay out the maximum amount of coverage, leaving you on the hook for that money. If you do not have it to pay out, they can obtain a judgment against you which may allow them the ability to garnish your wages, levy your bank account or even place a lien against your home. As such, it is beneficial to pay a little bit extra each and every month for a higher policy limit, ensuring you are fully covered in the event you are involved in a car accident.
Trying to determine how much auto insurance you need is a complicated algorithm. Let our professional insurance agents at Evertree Mountain States, serving the greater Fort Collins, CO area, help you. Give us a call today, and one of our professionals will determine what coverage amount best fits your needs and then put together a policy tailored to your needs.