Tag Archives: insurance coverage

Personal Injury Attorney from Indiana Shows an Increase in Auto Liability Insurance Coverage Costs Only Pennies a Day

Obtain several quotes for liability insurance coverage

The more insurance you buy, the cheaper it is

Call personal injury and accident lawyer Charlie Ward today for a free consultation

The next time you evaluate your automobile insurance policy, I would recommend seeking a quote for a higher level of liability coverage. For instance, if you currently have $100,000/$300,000 liability coverage, ask your agent to quote the $250,000/$500,000 coverage. You may find that the additional coverage may cost you only pennies a day.

A recent survey conducted in Indianapolis exposed that each tier increase of auto liability insurance for a driver with a good record amounted to a significant reduction in the price per unit of coverage. For example, liability coverage for $250,000/$500,000 was reduced by 75% per unit—a tremendous savings— and the result of buying quantity.

 

Why would you need that much coverage?

The figures $250,000/$500,000 mean the insurance company will pay up to the limits of $250,000 per person but not exceeding $500,000 for all persons injured per accident. Consider a person
injured in an automobile, motorcycle or truck accident where that person is catastrophically injured, permanently disabled or a wrongful death occurs as a result of an error in judgment. Catastrophic injuries, including brain and spine injuries can easily mount and exceed the limits of a $250,000 per person,
per accident. Or consider the death of a family breadwinner and a lifetime loss of economic earnings for their family. A $250,000/$500,000 policy is not an excessive amount of insurance, particularly if you have personal assets to protect.

 

The price of medical payment coverage also decreases with an increase in limits. In the same survey it was discovered that doubling the standard $5,000 med-pay coverage to $10,000, cost less than 11? per month or 67? for a 6-month policy.

 

The Indiana Department of Insurance regulates insurance companies selling and administering policies in the State of Indiana. Consumer questions or disputes with an insurance company are handled by the Indiana Department of Insurance. Visit their site for more information.

Experienced personal injury attorneys recommend you buy as much insurance as you can afford

If you or someone you know has been injured in a motor vehicle accident, it’s important to speak with an experienced personal injury attorney as soon as possible. The law firm of Ward & Ward has over 80 years of combined experience in personal injury law including accident and wrongful
death claims. Our firm receives no legal fees or expenses unless we collect damages on your behalf. Call Charlie Ward today at 317-639-9501 for a free evaluation of your claim. Our attorneys are available to speak with you.

 

Charlie Ward

Ward & Ward Law Firm
728 S Meridian St
Indianapolis, IN 46225
 (317) 639-9501

 

www.wardlawfirm.com

Three Incentives for Purchasing Car, Motorcycle and Trucking Accident Liability Insurance Coverage from an Independent Agent

Advantages of Working With an Independent Agency

Call personal injury and accident lawyer Charlie Ward today for a free consultation

  1. Independent agencies have their finger on the pulse of the insurance industry and a diverse selection of carriers.
  2. Independent agents sell policies from an array of provider companies; this gives them the ability to showcase the best policies with the most economical rates suiting their clients’ needs.
  3. Independent agents are free from the branding entanglements of mega-insurance corporations and can focus their attention on developing client relationships and protecting client assets.

An insurance policy that protects your exposure in the event of a car, motorcycle, bicycle, pedestrian or semi tractor-trailer accident is a significant purchase. An independent agent will “shop around” for you, comparing options for responsive customer service, rates, limits, terms and exclusions. On their website, the Indiana Department of Insurance states:

“Selecting good auto insurance is important…You may choose from companies which have local or non local agents. The services of the local agent may be of importance when you buy the policy or when you have a claim. Agents can be ‘captive’ to only one insurance company or ‘independent’ and represent several companies. It is better to talk with more than one agent and more than one company while researching auto insurance.”

Accident or personal injury lawyers frequently work with insurance policies and insurance claims specialists to resolve disputes. And though an attorney cannot recommend an insurance company or policy. I’m available to discuss liability coverage as it relates to the law.

If you or someone you know has been injured in an accident, it’s important to speak with an experienced personal injury attorney as soon as possible. The law firm of Ward & Ward has over 80 years of combined experience in personal injury law including auto, motorcycle, bicycle, pedestrian, trucking accident and wrongful death claims. Our firm receives no legal fees or expenses unless we collect damages on your behalf. Call Charlie Ward today at 317-639-9501 for a free evaluation of your claim. Our attorneys are available to speak with you.

 

Uninsured Coverage is your Protection from an Accident Caused by Uninsured Driver

It makes sense to carefully choose your auto insurance policy

You probably wouldn’t consider opening an account with a bank that was not insured by the Federal Deposit Insurance Corporation. Banking insurance premiums finance this federal insurance program; indirectly you fund this insurance through your deposits, service charges and bank fees. Why would you protect your liquid assets but overlook a protection vital to your family’s personal wealth, health and well-being?

Insurance protection in a bad economy

Research conducted by the Insurance Research Council shows that as many as 16% of Hoosiers are driving without any insurance coverage. During the recession, many people have lost their jobs and have chosen not to pay for the insurance required under Indiana law.

In some states, uninsured motorist coverage is a required add-on to your automobile policy. But in the state of Indiana, uninsured motorist coverage is intrinsic to the personal liability portion of your auto policy. Your uninsured motorist coverage automatically protects you from injury, lost wages and other expenses incurred as a result of a serious accident with an uninsured driver. The amount of coverage afforded you by your policy will be the same amount as the coverage under your personal liability policy. Remember, the price of coverage goes down as the amount of coverage goes up. Your decision to choose the highest amount of coverage you can afford could be the best financial decision you make for your family.

Experienced personal injury lawyer

If you are involved in an accident, call Charlie Ward of Ward & Ward Law Firm. I look forward to meeting with you and would be happy to discuss your automobile insurance coverage with you today.

Charlie Ward

Ward & Ward Law Firm
55 Monument Circle, Ste 1014
Indianapolis, IN 46204
317-639-9501

www.wardlawfirm.com