Mayo Agency

January 26, 2010

Liability Limits on the Personal Auto Policy

Filed under: Uncategorized — Tags: , , — admin @ 4:03 pm

Today’s rate of inflation is increasing the cost of almost everything, including the amount of jury awards and legal costs.  That’s why we want to remind you to review your auto insurance policy to make certain your coverage is sufficient to protect you fully.  Your coverages may be increased, or additional coverages added, for a small additional premium.

 If you should be at fault in an accident, you would want liability limits that are at least as high as any possible court judgment.  With medical care costs increasing rapidly, you should evaluate your Bodily Injury Liability limits to make certain they are sufficient.

 Since the value of most autos and commercial vehicles easily exceeds the minimum Property Damage Liability limit, this is a very important coverage to carry in an adequate amount.

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