The Economy and Why You Should Spend More Money
Every weekend I have Sunday breakfast with my family. It was a tradition I started with my father so we would always have at least one day a week together. It has developed into a family tradition that only the bravest of the brave dare miss. I am the only lawyer in the family, so this seems to be a time I get asked the “lawyer” questions. This week we talked about the effect the economy has on my practice. One of the big effects is more and more people are not paying bills, including insurance bills. As such, more people are coming in the office that were injured by someone who was uninsured.
Even before the economy was bad it is estimated that twenty percent (20%) of all drivers had no insurance at all. A large percentage of those that were insured, carry limited coverage. To protect yourself, I recommend that you obtain uninsured/underinsured motorist coverage. I recommended to my family that they get at least one million dollars in coverage. In addition, if you have multiple vehicles you should get “stacked” coverage.
I know that in times like this it is tough to spend extra money. However, it is better to spend a little money now than to lose a lot later as a result of an uninsured driver. Also, this insurance is relatively inexpensive. Call your insurance agent today for a quote.