When auto shopping in Nevada, most of us will generally focus on the vehicle’s features – features such as the color, or whether the car is a 2 door or 4 door. In warmer states the focus on air conditioning.
Although these may be important to us when buying a car, one of the most important decisions is the type of insurance policy you purchase. Most Nevada auto insurance buyers tend to focus on what insurance deductible to carry, and whether or not the need is for full coverage or liability only. Although these are important decisions one of the most important decisions is choosing bodily injury limits.
Bodily Injury help you protect your income and assets in the event you are sued after being negligent in an auto accident. Let’s say you decide to carry $25,000 Bodily Injury limits but the vehicle’s passengers suffer a loss of $50,000 in injuries, lost income, and related medical costs. You would be personally responsible for the amount of loss over and above your BI limits. In this case you would still owe the other party $25,000.
It is likely you will be taken to court and sued. With the help of a qualified personal injury attorney, the victim can then seek access to your certain assets and even perhaps obtain garnishment of a portion of your income.
To help you avoid this situation most insurance companies will recommend you increase your BI up to $100,000 or $250,000. It may be best to also carry a $1,000,000 Umbrella policy as well.
We are currently looking for Independent Agents in the Following Areas. Agents should represent a minimum of 15 property and casualty insurers.
- Las Vegas
- Henderson
- Reno
- Paradise
- Sunrise Manor
If you are an agent serving these Nevada areas leave a comment below.