NEW YEAR, NEW AUTO INSURANCE POLICY Why You Should Audit Your Policy in 2022
It’s a new year, and it’s also a great time to look at your car insurance policy. Why? Your auto insurance policy protects you and your family’s financial future in the event of a catastrophic car accident. Certain policies offer different protections. In this article, I’ll discuss which three auto insurance policies you should consider adding (or increasing) to safeguard your family. No. 1: Uninsured or Underinsured Motorist (UM/UIM) Coverage Uninsured motorist (UM) coverage protects you when you are involved in a crash with an irresponsible driver
The reality is that there are many people sharing the road with us who do not play by the rules of the road. By purchasing adequate uninsured and underinsured motorist coverage, you’re protecting
yourself and your family from these drivers. No. 2: Medical Payments (MedPay) Coverage
Medical payments coverage is part of an auto insurance policy, and it’s often not included on your auto insurance policy by default. This coverage helps pay your or your passengers’ medical expenses after a car accident. MedPay coverage helps pay deductibles or any other medical expenses related to your treatment. We recommend purchasing $15,000 in
who carries no liability insurance coverage. Usually, the amount of uninsured motorist coverage you carry is equal to the amount of bodily injury liability coverage you have on your policy. Similarly, underinsured motorist (UIM) coverage protects you when the bad driver has some insurance coverage, but it is nowhere near enough to cover the damages resulting from your injuries. So, how much UM/UIM insurance coverage should you have? At Shannon Law Group, we recommend carrying a
MedPay coverage to adequately cover any and all additional medical costs that your
insurance doesn’t cover. No. 3: Rental Coverage
Rental coverage helps pay for the cost of a rental vehicle while your car is being repaired after an accident. Depending on the damage, you could be without a vehicle for several weeks.
Having access to a rental vehicle in this scenario is a life saver. Rental coverage often costs less than $10/
minimum of $500,000 in UM/UIM coverage. If you talk to your insurance provider, you may find that the difference in premium payments for higher coverage amounts only cost you an additional $10–$20 each month.
month to purchase through your auto insurer. If you have any questions about your auto insurance policy, feel free to text Joe Shannon at (312) 847-2428.
We’re excited to announce our first vaccine webinar in 2022! Attorneys Jonathan Svitak and Rhonda Lorenz-Pignato will discuss the journey of a vaccine injury claim through the federal court system — and the delays and hurdles that come along the way. The webinar will take place on Thursday, Feb. 10, at 1 p.m. CST. (If you can’t make it, don’t worry — we will publish a recording of this webinar on our YouTube channel shortly after.) To register for this exclusive webinar, text “VACCINE WEBINAR” to (312) 847-2428, and click the link provided. You can also email Brittany at BPeterson@shannonlawgroup.com and request the link. REGISTER NOW: VACCINE WEBINAR ON FEB. 10TH
We hope to see you there!
3
312-663-7016
Made with FlippingBook Ebook Creator