To All:
Another thing I thought I might add is:
When buying your insurence you need to make sure that you have plenty of PIP (Personal Injury Protection)
Many policys have $1500-$2500 worth. Whick wn't get you anywhere if you hav extensive injuries.
When I had a bad accident it took 13 months before I received a dime of insurence money. If you raise your PIP to $10,000 maybe as high as $30,000 will go a long way in helping make your short term bills while everything is getting organized finacially.
Also, make sure your policy is at least a 500/500/20,000<---(PIP)
Therefore if you are alone and you are hit by someone with 20k of insurence you won't go broke trying to get your life back together.
Many people have policys that are 100/300/(PIP) What that means is you have 300k worth of insurence, however it's a maximum per person of 100k with a cap of 300k for everyone inclusively.
Where as if your policy is 500/500/(PIP) if you are along you are covered for the full 500k. Most of my time in a car is spent alone, this makes sense.
I raised my levels from 100/300/1500, to 500/500/20,000. I raised my deductable from $1000 to $2000 and my premiums went down!!
Please check this out, it could have a profound impact on you if God forbid you are in a serious accident.
My bills quickly hit $400k and so far they are around $650k and climbing.
If you have acquired any assets to speak of you should also buy an "Umbrella" policy, which will save your butt if something terrible happens and you are sued. They are cheap and for $2,000,000 of extra insurence it only cost $200-$300 per year.
Anyone disagree with this??
I've been through a tough time and I had to learn the hard way. I think I've got things pretty well covered now.
Ty O'Neal
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