RANCHO CUCAMONGA, CA, February 26, 2010
/24-7PressRelease/ -- The average motorist in California has an automobile policy which is a good thing, but many decide to only purchase the minimum state requirements which may not be enough to cover costs resulting from a traffic accident and may leave the insured with a huge financial burden. Purchasing higher limits of liability can help avoid such situations.
Auto insurance policies are contracts intended to pay for financial losses or obligations of the policyholder following an accident, but opting for minimal coverage may be leave portions of an accident unpaid by the insurer; thus leaving the insured liable for any remaining compensation due to another party.
The state of
California car insurance laws only require that motorist purchase liability limits for bodily injury in the amount $15,000 for injury to one person, $30,000 per accident and $5,000 for property damage. With these limits, if a motorist was to damage another person's vehicle to the point where it could not be repaired and it was valued at $20,000, the insurer would pay $5,000 leaving the insured responsible for the remaining $15,000 due to the other party.
In an informational guide located on the website of the California Department of Insurance which can be found by visiting
http://insurance.ca.gov/0100-consumers/0060-information-guides/0010-a ... ce-101.cfm it states, "With the increased cost of hospital stays, medical care, and car repair, it may be well worth considering the extra premium to purchase higher limits of coverage."
Purchasing higher limits does not have to be much more than what a consumer would pay for the minimum coverage and can be very beneficial in the event of an accident causing serious injury or property damage. Motorists can visit
http://www.onlineautoinsurance.com/california/ to obtain free rate comparisons from reputable companies licensed to do business in California to see if more extensive coverage can be afforded.
Website:
http://www.onlineautoinsurance.com/---
Press release service and press release distribution provided by http://www.24-7pressrelease.com# # #
Press Release Keywords:Read more Press Releases from John Pirro:Other Press Release Headlines:
