The beginning of the year is an excellent time to review your car insurance policy and ensure you have the right coverage in place. Here are our recommendations:
1. Personal Injury Protection (PIP):
• If you do not already have PIP coverage, we recommend adding it to your policy with a minimum of $5,000 per person in your vehicle.
• PIP covers medical expenses and other costs regardless of fault in an accident. Make sure to choose a PIP option that protects everyone in the car, including the driver. The added cost is minimal and well worth it.
2. GAP Insurance:
• If you are financing your vehicle, consider adding GAP insurance.
• This coverage protects you financially by covering the difference between your car’s loan balance and its actual cash value if your vehicle is totaled.
3. Policy Limits:
• We recommend increasing your bodily injury liability limits to at least $100,000 per person and $300,000 per accident.
• Higher limits can protect you from significant financial risks, especially in serious accidents. Low policy limits can result in limited compensation and financial hardship.
Taking the time to review and update your policy now can provide peace of mind and financial security throughout the year. For all your injury questions please call 301-200-1688 or check out www.onestopadvocate.com.