Sunday, June 14, 2009

Decide How Much Coverage You Need

It is dangerous if you are not insured. Without insurance, your property is put a risk in an accident. But, if you have many insurance can be an expensive mistake as well. Our big question is how much coverage do we need for insurance?

State law may require as little liability coverage as $15,000 per person, $30,000 per accident, and $5000 property damage. About half of the states require $25,000 per person and $50,000 per accident. Half of them require $10,000 in property damage coverage. If you can afford it, buy more than the minimum. After all, $10,000 for property damage may not be enough if you hit a $100,000 Mercedes-Benz.

The more asset you have, you need more coverage insurance to protect your asset. Most insurers suggest liability coverage of at least US$ 100.000 per person, US$300.000 per accident and US$50.000 for property damage.

There is no any best solution when you buy insurance. Rate varies widely. Surveys recommend that you could pay annually from US$ 500 to US$ 2.000 for the same coverage from different companies. Don't forget the Internet. Many companies now offer online quotes, and insurance shopping on the Web allows you to compare rates from multiple providers in the comfort of your own home.
t and US$50.000 for property damage.

Title Post: Decide How Much Coverage You Need
Rating: 100% based on 99998 ratings. 5 user reviews.
Author: Mohammad Zulfi Satriawan

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