If you haven’t reviewed your auto insurance policy in a while, you may be unaware of gaps in your coverage. Over time, you may need to adjust your coverage to keep it up to date. By reviewing your policy with an agent from Allegiance Insurance Agency in Richardson, TX, you can determine if there are gaps in your coverage and how to correct them. Here are some areas where you may be lacking in your auto insurance policy.
Consumers who have full coverage often feel fully protected against any eventuality. If your liability limits haven’t been revised in some time, however, you could suffer loss if you’re found liable for an accident that causes severe injuries or property damage above your liability coverage. By adding umbrella insurance to your portfolio, you can increase liability coverage to $1 million or more to fully protect your assets.
Uninsured/Underinsured Motorist Coverage
Lack of uninsured/underinsured motorist coverage could put you at risk of financial loss. If you’re involved in an accident where an uninsured driver is at fault, you may wind up footing the bill for your injuries or damages. Without insurance, the at-fault driver will be incapable of assuming financial responsibility for the crash. Uninsured/underinsured motorist coverage gives you an extra layer of protection to safeguard your interests.
Collision and Comprehensive Coverage
Dropping collision or comprehensive coverage to save money on your premium could cost you more in the long run. If you’re vehicle’s damaged in a crash and you’re found at fault, you’d be responsible for repair costs. Without comprehensive coverage, you’d have to foot the bill for repairing or replacing your vehicle if it’s stolen or damaged in a storm.
At Allegiance Insurance Agency, Richardson, TX, we can help you revise your auto insurance policy to eliminate gaps, so you benefit from the maximum protection you need.