Car insurance is designed to provide you with a level of protection against property, liability, and medical costs if you are involved in an accident.
Selecting the correct liability limits is critical. 250/500/100 means you are covered for up to $250,000 in bodily injury coverage per person, $500,000 in bodily injury coverage per accident and $100,000 in property damage per accident. In order to protect our clients’ families, their assets and their future earnings, our agency will not offer a quote with liability limits lower than 250/500/100.
Many states have minimum liability limits of 25/50/10, although some states are higher or lower than this. While it may lower your premium, reducing your liability limits to minimum legal levels and dropping underinsured motorists coverage could open you up to substantial risk.
Accidents happen to cautious drivers, too, and having adequate insurance can save you from serious financial burden should one happen to you. We can help you determine which automobile insurance coverage is needed and what limits to buy. Contact us at Neckerman Insurance Services at 608-238-2686 today to discuss your options.
The above description provides a brief overview of the terms and phrases used within the insurance industry. These definitions are not applicable in all states or for all insurance and financial products. This is not an insurance contract. Other terms, conditions and exclusions apply. Please read your official policy for full details about coverages. These definitions do not alter or modify the terms of any insurance contract. If there is any conflict between these definitions and the provisions of the applicable insurance policy, the terms of the policy control.
- Nate Harkins