John Yamane Explains Insurance Coverage Amounts
A lot of times, people come to us and they tell us they have full coverage. Then, we look at their coverages and it’s not really full coverage. You buy insurance to protect yourself and family members in case something bad happens. It is important that you buy as much as insurance as you can afford to protect yourself and your family. I tell clients that the more they have, the more insurance that they need to get to protect themselves. For example, we have run into cases where somebody owns a home, they cause an accident, they hurt our client, and even though they owned a home, they only owned minimal coverage of $20,000. Under these circumstances, that person is what we called underinsured. He has assets that he needed to protect, but he doesn’t have enough insurance that would cover the claims that were made against him. So, under those circumstances, his assets can be subject to us going after them. One of the most important things is maximizing your bodily injury coverage because you need to make sure that you have enough coverage to protect yourself or a family member if you go out and cause an accident and hurt somebody. It’s important that you get as much coverage as you can afford because you don’t want to be the person that causes the accident and find out you didn’t have enough coverage to protect yourself because now they can go after you and your personal assets.
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