Be A Smart Shopper, Not A Cheap One
By Art Gib
People shopping for insurance are often most interested in saving money and end up with the smallest amount of coverage that they can afford. The media is filled with advertisements and mailers for insurance companies that can save money for people, but the question arises, is saving money the most important feature of an insurance plan?
While everyone is concerned about money and holding onto as much of it as he or she possibly can, skimping on insurance coverage to save a buck here and there should not be the greatest concern. Portland car insurance providers are discovering that when they sit down with their clients and perform a needs analysis to go over the specific details and risks that are covered by an auto insurance policy that they can actually provide the full protection that insurance is designed to offer and keep the costs of that policy within a comfortable spending budget for their clients.
By looking at the total amount of assets that a person owns and what kind of income and savings they have an insurance agent can not only cover the cost of damages and claims made by an accident victim, they can also protect the assets of the policyholder from being drained or taken away by a court ordered judgment against the at fault car insurance policyholder.
After an accident, personal injury lawyers look into the holdings and assets of the person that is responsible for causing the accident and will very often go after those assets as due compensation for their clients that are the victims of the accident. In Oregon auto insurance providers are performing insurance needs analysis to determine the worth of a clients assets before recommending adequate liability insurance coverage to fully protect those assets in the event of an auto accident. Without adequate liability coverage a policyholder could lose everything that they have worked for their entire lives and even be responsible for damages that can claim up to twenty percent of their income and are payable up to age 65 by the defendant in a personal injury case.
By going through an actual needs analysis and not just selecting the cheapest insurance coverage with the basic amounts required by the state, many people that are purchasing auto insurance in Oregon are discovering that they are better protected by their insurance coverage and can drive with greater confidence knowing that their assets are secure and protected from the outrageous claims of accident victims and their personal injury lawyers.
About The Author
Arm Insurance (http://www.insurancearm.com) is a auto insurance. Art Gib is a freelance writer.