Is basic liability insurance ever enough

When it comes to auto insurance you may be wondering if basic liability insurance is ever enough. In California, basic liability is the amount you are mandated to have. At Murvay Insurance in Newport Beach, CA, our goal is always to create a lasting relationship with our clients through great customer service and the right insurance for your needs. Our experienced team will get to know you before recommending the right coverage. 

In California, basic liability is insurance is 15/30/5. That is $15,000 per person for personal injury with a total of $30,000 per accident and $5,000 for property damage. If you are a person who doesn’t own anything and has no assets that can be attached then maybe, just maybe, basic liability might be enough coverage. But think for just a minute about the price of a motor vehicle, even an older one. Imagine one with a value less than $5,000. There won’t be many. 

If you are the at-fault party in an accident, your insurance will be liable for medical expenses. With a cap of $15,000, one emergency room visit could put you over the limit. If the expenses go beyond the limit of your policy, then you are liable for the expenses yourself. You could lose any assets you have and also have your future earnings garnished. Additionally, you could be sued for damages. Not only could you have legal expenses, but there could be a judgment against you. You could be jeopardizing your future. 

When you consider the amount of money that additional liability insurance would cost you compare to the risk to your assets, it seems like a bargain to go for more than basic liability insurance coverage. 

If you are looking for auto insurance and an insurance agent who will make sure you have adequate coverage contact Murvay Insurance in Newport Beach, CA.