We often talk about what to do after an accident. I want to talk about what to do before there is an accident.
In a few words, get insurance.
I see it every day. Some people want to get the very minimum, and they think that is saving money. It is … until you need the insurance.
Here are some things to consider:
- The insurance company is not there to get you back to where you were. They will only pay the policy limits. If your medical bills are $250,000 and you only have $25,000 coverage, you are on the hook for the difference.
- Homeowners insurance does not generally cover floods. You need special flood insurance for that. It also doesn’t cover an earthquake nor a sink hole unless you have a special rider. Seriously, an earthquake could cause a flood sending your house down the street and into a sink hole and the insurance company could not pay you a dime.
- You need insurance on people driving around without insurance. If they are uninsured, they may go to jail, but they will probably not help pay your bills.
- Here is some good news. Tornadoes are generally covered; they are considered wind damage.
- Another piece of good news. If you borrow your neighbor’s car and have a wreck, the neighbor’s insurance can be used to pay the bills. Insurance generally goes where the car goes — no matter who is driving.
My advice: get as much insurance as you can. You will be glad when you need it.
If you suffer a personal injury or have trouble with your insurance company, you can talk to us at the Law Firm of Eiland and Ritchie for free. We want to help you get back on your feet.
Also join us on NBC 15 LawCall here in Mobile every Sunday night at 10:30 right after the news. We will take your calls live.
Alabama personal injury lawyer