The beginning of the year is a great time to re-evaluate your various insurance policies and confirm they meet your needs.
Some key areas to give attention are:
1. Liability Insurance on your vehicle: The greater your net worth the more liability coverage you will need. If your net worth has risen recently, you may not have enough liability insurance to properly protect yourself.
2. Uninsured/Underinsured Motorist (UM/UIM) coverage on your vehicle: If someone causes a car accident with you and they either do not carry insurance or the insurance they have is too small to cover your damages, you can protect yourself by purchasing UM/UIM insurance to cover any potential gap.
3. Comprehensive Coverage on your vehicle: The Gulf Coast, including New Orleans, Louisiana, Biloxi, Mississippi, and Pensacola, Floriada, has been prone to severe and unpredicatble weather. Having comprehensive coverage on your vehicle may allow you quick and inexpensive repairs if your car has been damaged from weather, an accident, or other incident.
Taking time to review your insurance needs can help prevent financial binds should an accident happen. Unfortunately, even if you have enough insurance to cover unexpected damages, insurance companies often resist paying you the benefits to which you are entitled. An experienced personal injury attorney can help force the insurance companies to compensate you appropriately.