If You are Thinking About Lowering Your Car Insurance Coverage To Save a Few Dollars, Think Twice

One place where many people hope to save money is with their car insurance. However, lowering your car insurance coverage in order to save a few dollars may be more expensive than you think. Being underinsured is a major risk factor, as it means that you may have to pay for damages and other costs out of pocket. Also, being underinsured and taken to court can raise your premiums in the future. If you’re underinsured, other drivers may start legal action in order to recover injuries from you if you do not have adequate insurance. You can avoid all of these problems in many cases by having the right insurance.

Of course, finding the correct amount of insurance for your vehicle is somewhat challenging. There are many insurance options, and not all customers understand all the options available to them. Florida state laws dictate that all drivers must carry a minimum amount of insurance. However, this minimum amount may not always fully protect you if you are in an accident causing personal injury.

There are two types of car insurance, the most basic level. Collision insurance covers damages, personal injury, and loss caused by a car accident. Comprehensive coverage covers damage, theft, and other issues not related to an accident. You’ll likely need both types of insurance.

It is a good idea to review your insurance needs at least every six months or so. As your vehicle’s value changes over time, you want to make sure that you’re not paying too much for your vehicle insurance, while you also want to make sure you are not underinsured. For example, if your vehicle is only worth $5,000, you want to make sure that your collision and comprehensive coverage each cover you for $5,000. If you are paying $10,000 in coverage, and your car is totalled, you will only get $5,000 back. You are paying for the extra $5,000 but may not see that coverage if your car is damaged.

If you have considerable assets, you may want to consider taking out additional coverage above and beyond the value of your car. This helps protect your assets in the event that you’re in a car accident that causes personal injuries and results in multiple claimants seeking legal action against you. You have two options to protect yourself from such an event. You can seek a higher policy limit that applies specifically to liability. You can also seek out an umbrella insurance policy that covers you for car accidents as well as other liability claims. This can help protect you in case you are taken to court over a car accident.

Client Reviews
★★★★★
Mr. Flaxman is highly skilled and very pleasant to work with. He communicated with me at every step in the process, and clearly presented information relating to my case. To anyone considering retaining his firm, I highly recommend him. Clara Barman
★★★★★
THE BEST. Honest, very knowledgeable, fast and easy. has helped me in numerous situations and has never failed me. Joe Gee
★★★★★
Charlie is a very skilled attorney that advocates hard for his clients. But the best part is he is an all around great guy. He cares about helping and doing what is right for people and his community. And he is not afraid to fight against those who do wrong or against threats to our world. He is fluent in Spanish as well. Do yourself a favor and call him. Andy
★★★★★
I had a lawyer on another case and I never spoke to the lawyer and I hated that I never knew what was going on in my case. Mr. Flaxman was in constant communication with me, explained everything to me, and his staff was really great too. My phone calls were always returned immediately. It was refreshing to be able to speak to my attorney personally. I would HIGHLY recommend Mr. Flaxman as an attorney to anyone who has been in an accident. Gloria
★★★★★
I found Mr. Flaxman to be an excellent attorney for my personal injury case. This is actually the second time I have used him and he really represented my interests. He explained everything thoroughly and he was very available for my questions. Carol
Contact Information