Posts: 114
Location: New London, Wisconsin | esox addict- I agree with your comp. example but not your liability example "They can't sue you for what you ain't got"...In WI, if you are responsible for the death of a minor child it's $500,000 without even stepping foot in a courtroom ($350,000 for all others). So, they might not sue you for you you have now but they can garnish you wages until you pay it off. Not a chance worth taking, in my opinion, especially considering how inexpensive the liability portion of your policy really is.
Merry Christmas all!!!
Labs
esoxaddict - 12/19/2007 11:22 AM
No so fast AF chief -- Think about your comprehensive claims. Have you ever filed one? We're talking about stuff like a tree falling on your truck here...
Even if you have an occasional claim, The savings on your premiums are probably more than the additional $250 out of pocket paying that extra deductable.
As for the liability? They can't sue you for what 'ya ain't got. So carrying a high amount of liability insurance isn't always a good idea depending on your assets. Let's say you rent an apartment for example, you have no savings, no 401k, and a 15 year old truck. Do you really need million dollar liability? On the other hand, lets say you have a house, a cottage, several retirement accounts, a $50,000 ranger...
A GOOD agent will work with you personally on every aspect of every policy you have, to make sure your coverage is no more or no less than what you really need, and explain the benefits and risks of each type and level of coverage.
Edited by Labs 12/20/2007 11:23 AM
|
