Thursday, October 28, 2010

Auto insurance Is Not Enough

You can’t take your car out on the road if you don’t have at least the minimum insurance coverage mandated by law. And since your car is such a valuable possession and is subject to such risk of damage or loss by the actions of others, you insure your car so that you are compensated should anything happen to it. That’s all well and good, but what happens if you injure a third party in an accident that is your fault? You may be the best driver going, but everyone makes mistakes and yours could hurt someone. And that could cost you big time.

Look at it this way. Suppose you were seriously injured in a car accident for no fault of yours and could never walk again. Most auto insurance policies offer a maximum of $250,000 of bodily injury coverage. Would that kind of compensation satisfy you? No way – you would demand, and probably get, far more. Now reverse the roles – do you think your car insurance liability coverage is enough to protect you from possible financial ruin if you cause an accident? What you need is umbrella insurance. Umbrella insurance coverage sits on top of your existing insurance policies and protects you from claims in excess of what those policies cover. It’s the best and most cost effective way of getting the kind of additional insurance you need to protect you from auto and other liability claims. At Allied Brokers we don’t just sell insurance, we work with our clients to understand their coverage needs and provide them with the kind of coverage that is best for them. Call us at (650) 328-1000 or mail abcosales@alliedbrokers.com and we’ll be happy to meet with you to talk about your umbrella and other insurance needs. Visit our website http://www.alliedbrokers.com/ to read about our full range of services. You can use the online contact form to get in touch with us.

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