We don’t think so. Auto insurance coverage needs change with your stage in life. Young drivers starting out may not need as much coverage as people with more assets. Life events such as marriage, having children, home ownership should cause folks to revisit their policy coverages and limits. Insurance coverage is flexible and can be tailored to your individual needs.
Sufficient insurance coverage provides peace of mind, and can also protect you from the negligence of others. Too often, underinsured drivers on our roadways are responsible for serious injuries or deaths to others. Their minimal insurance only covers a fraction of what the victims’ injuries are worth. Unfortunately, the responsible party is often judgment-proof, so suing them for the actual amount of the victim’s injuries does not yield any further recovery for them. Carrying sufficient underinsurance coverage will provide an additional source of compensation to victims once the responsible party’s insurance coverage is maxed out.
As personal injury attorneys in Boston, we see the effects when people fail to plan and the unfortunate happens. We encourage everyone to have a five minute conversation with their insurance agent to avoid unnecessary risk and potential disaster.
For more information, contact Brooks & Crowley.