What kind of car insurance should I have is a question we are asked often? Bob Newsome the President of Business Insurance Center talks about all the different variables that factor into your decision.
First and foremost, you must protect your assets. So, for example, if your net worth is $50K, then you need to have $50K worth in coverage per person and one hundred thousand per accident.
With the expensive cars that are on the road today, a $10K property damage limit isn’t going to go very far if you hit a Mercedes or a Ferrari. Twenty-three percent of all Florida drivers have no insurance and there is a sizable portion that are uninsured as well.
This is where uninsured motorists comes into play because that is the only coverage that covers you. So, you might as well cover yourself if you are going to cover everyone else as well.
So, if you are asking yourself the question of what kind of car insurance should I have, then we hope this helped answer that question. If not, give us a call, we’d be happy to go into deeper detail with you over the phone or in person.
Business Insurance Center has three centers in Central Florida to help serve your needs.
Business Insurance Center 6979 Kingspointe Pkwy Unit 9 Orlando, FL 32819 407-354-9868
Business Insurance Center 325 North Belcher Rd 1st Floor Clearwater, FL 33765 727-726-4989
Business Insurance Center 1700 South Florida Ave Lakeland, FL 33803 863-616-1755
