Are Your Liability Limits Enough?

Insurance education can be a very good thing. Everyone has to buy insurance but not everything is always clear. The goal of this series of posts will be to make better educated insureds. So that you know what you’re getting when you buy it!


When is the last time you were in a car accident? Depending on the severity it could cost you hundreds of thousands of dollars. If you were at fault then there could be medical bills for everyone involved and then the costs to repair anything you damaged; they easily add up to more than most people can afford.That’s what you pay your insurance premium for, obviously.

The minimum required insurance limits for liability in Iowa are 20/40/15. This means that, if you choose these limits, the insurance company will pay $20,000 per person for bodily injury (BI), $40,000 per accident for BI, and $15,000 per accident for property damage (PD). Is $15,000 really a lot of money to fix a heavily damaged vehicle? Is $40,000 enough to split between multiple people for medical charges? The answer is far too often, no.

If you think your liability coverage is too low or if you don’t quite understand how these coverages work, please be sure to get in contact with us. The increased coverage may be more affordable than you think and helping our insureds is what we do.

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