How Much Insurance is Enough

Clients frequently ask the Atlanta, Georgia Car Accident Lawyers at Zevin & Rosenbloum how much insurance they should carry. In Georgia, the minimum insurance limits are $25,000/$50,000. What that means is that for each accident, the maximum amount each person can receive in their personal injury case is $25,000 and the total amount paid to multiple claimants is $50,000. With the ever-increasing cost of medical care, carrying $25,000/$50,000 in automobile insurance is simply not enough.

The best way to decide how much liability coverage to carry is to add up all of your assets (home, cars, cash, investments, etc.) and carry insurance limits of at least that amount. I also recommend an umbrella policy. A $1 million umbrella policy only costs $200-300 per year. It is well worth it.

Another thing to consider is that you cannot carry more uninsured/underinsured motorist coverage than you carry in liability coverage. In my opinion, uninsured/underinsured motorist coverage is the most important coverage to have. If you are seriously injured in a car accident and the other driver carries minimum insurance limits, you need the uninsured/underinsured motorist coverage to pay the rest of your claim. I suggest carrying $300,000/$500,000 in both liability coverage and uninsured/underinsured motorist coverage. That way, you are covered up to $300,000 if you are seriously injured in a car wreck.

If you have any questions regarding automobile insurance, or have been injured in a car accident, call the auto accident lawyers at Zevin & Rosenbloum today.