Click to CallThe Importance of Adequate Auto Insurance in Huntington, WV
Driving without auto insurance is illegal in Huntington, WV. Though some people with tight budgets may choose to have only the state-mandated minimum requirement to save on costs, this may not necessarily be wise. At Partners Insurance & Financial Services Inc., we can assist you in finding an affordable auto policy that suits your budget.
Minimum Coverage in West Virginia
In West Virginia, drivers are required to have a minimum insurance coverage. This includes $25,000 per person and $50,000 per accident for bodily injury liability and uninsured and underinsured motorist liability, along with $25,000 insurance per accident to cover property damage. While these amounts may seem substantial, they may not always be adequate. While minimal coverage will usually suffice for most drivers in a minor accident, when a serious accident occurs, and the insured driver is at fault, these coverage limits may not stretch far enough, especially considering inflation trends over the years. So, what is the best course of action for drivers?
Insuring to Cover Your Net Worth
When responsible for an accident, you are liable for the other drivers’ and passengers’ injuries, even if your insurance coverage is insufficient. The other drivers and passengers can sue you for payment, and you could risk losing all your assets. It is generally recommended to ensure your net worth to safeguard you in the event of a catastrophic accident. Ensure your policy provides a substantial coverage for uninsured/underinsured drivers. Despite being legally required for drivers to have coverage, estimates show that one in seven drivers do not have insurance.
Partners Insurance & Financial Services Inc., serving residents in Huntington, WV, can help you create a policy that provides you with the necessary protection. Contact our office today to get started.
