Let’s imagine you’re on your way home from work and a deer runs out on Sam Rayburn Tollway. You’re driving 80mph, swerve to dodge the deer and hit a minivan with a mom and three kids. You vehicle spins off the side of the road and collides with a parked truck. A picture of a tragic accident in the least, but what are the dollar signs associated?

The mom has well over $100,000 in medical costs and each child has $45,000. Your insurance covers $30,000 per person up to $60,000 per accident with $25,000 maximum in property damage. Unless you are a millionaire, you’re likely not going to have the funds to cover the damages in excess of your policy limits.

YOUR PERSONAL LIABILITY

Medical expenses for the mom and kids has left you with a $175,000 bill. Property damage for the minivan and truck has left you with a $90,000 bill. Medical expenses and property damages aren’t the only bills to worry about. Emotional distress therapy, loss of wages from inability to work, and legal fees should be the icing on your cake. Well that escalated quickly!

The accident has left you personally responsible for $265,000, not including the lawsuits and therapy. Do you have that kind of money in your bank account? The courts won’t care what you have now, because they will garnish your wages and put liens on your personal property. Sounds like a fun life.

Paying a little more per month for higher auto coverage can save you heartache later on. We also offer personal liability umbrella policies for peace of mind when the unexpected happens.