Are you overlooking the importance of your car insurance coverage? Changing life circumstances and increasing assets mean it’s time to reassess your policy. Here’s how to know when to boost your coverage.
Life Changes and Policy Updates
Whenever significant life changes occur – buying a new home, upgrading your car, or welcoming a new driver – it’s essential to review your car insurance policy. These milestones signal the need for increased coverage to protect your assets and maintain financial security in case of accidents.
Protect Your Assets with Liability Coverage
Car insurance doesn't only cover your vehicle; it safeguards your assets through liability coverage. As your assets grow, ensure your insurance coverage keeps pace. Consider increasing your liability limits above the state minimum to shield yourself from potential financial risks.
The 100/300/50 Rule
For adequate protection, consider the 100/300/50 recommendation – $100,000 for bodily injury per person, $300,000 per accident, and $50,000 for property damage. This provides comprehensive coverage for responsible drivers without significant premium fluctuations.
Maintain Coverage in Line with Your Assets
As your assets increase, your insurance coverage should follow suit. It's crucial to align your coverage limits with your total asset value to avoid out-of-pocket expenses in case of unforeseen events.
Covered’s Commitment to Your Security
At Covered, we prioritize your peace of mind. Our Customer Service Team conducts thorough reviews of your coverage during the renewal process. By informing us of any asset changes promptly, we ensure your policy is always up-to-date and fully protective.
Stay Ahead with Covered
Don't wait until your policy renews – keep us informed of any changes in your life or assets. Give us a call at 833-487-2683 or reach out to us, and we'll ensure you're covered at every step.
It really is that simple. We’re Covered. And so are you.