Nazeli Manukyan says:
We understand that it is in the client̢۪s interest to select a coverage that
will be friendly to the budget. But we must also remember that it is
important to consider the amount of protection you would prefer in case of
an accident. Auto Insurance is purchased for financial coverage against
bodily injuries and/or physical damages resulting from traffic collisions.
It is also capable of providing coverage against damages sustained from
circumstances other than traffic collisions.
While you may want to choose minimum coverage, which your state sets, it is
a good idea to balance the idea of what you would want in case of an
accident. Should you want a premium that is lower, you may need to be
prepared to pay more out of pocket when there is an accident. In
comparison, selecting a higher premium now will potentially yield to
greater protection in the future. There are coverages which are mandatory
by law, such as Liability Coverage, some that are highly recommended, such
as Uninsured/Underinsured Motorist Coverage, and one like Comprehensive
Coverage, which may be required by a third party such as an auto leasing
company.
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