The Washington Insurance Team Auto Insurance Basics

The Washington Insurance Team Auto Insurance Basics
Personal Lines - Auto Insurance
Can I just ask you a few questions that are very important to your future?

If you have an Auto, and you legally and morally want to drive with insurance, then you should know the answers to these questions.

Burying your head in the ground, like Ossie the Ostrich, won’t help if a team of attorneys start knocking at your door.

Question #1: Do you know… you have an accident damaging 5 vehicles and injuring numerous parties, and you are deemed “At Fault”, how much can an attorney or team of attornies sue you for?
Answer: There is no dollar limit in most states.

Question #2: If you caused a 5 car crash during the morning commute because you were changing the radio station, rather than paying attention… How many of those vehicle owners could hire an attorney and sue you
Answer: All 5 – Also, in addition to that, if you caused a bad enough accident that tied up traffic during rush hour for 4 hours, did you know that you could be potentially sued by business owners for ruined food products or loss of time as well?

Question #3: True or False: if you are in an accident, even if you are not found at fault that the other party can still hire an attorney and sue you.
Answer: True

Question #4: What is the cost of the typical AttorneyRetainer to defend you against a lawsuit stemming from an at-fault auto accident. Depends, if you have a Personal Umbrella policy, possibly nothing, if you don’t, and you have low liability coverages, the Auto insurance carrier will pay whatever limits you have per accident which would leave you nothing for your defense if the Plaintiffs verdict came back as more than your liability limits
Answer: In 2021, an Attorney with a really good Traffic Defense Reputation could cost anywhere from $200-700 an hour. If there are multiple Plaintiffs, the case could take dozens of hours. Do the Math.
Question #5: What is $350,000 minus whatever your liability limits are? Huh, why are you asking me that? The average lawsuit stemming from an At-fault accident is $350,000. So in my home state of Washington, the minimum liability limits are 25k/50k/25k which means $50,000 per accident no matter how many damaged vehicles or injured people are involved. So let’s just assume (to keep things simple) that your four injured people and four damaged vehicles and four different attornies fees only come to that average total of $350,000 altogether… ( In today’s litigiousness society that would take a miracle) Take away your $50,000 limit per accident and that leaves you a paltry $300,000 left to pay. If you are a multi-millionaire you could just write out a check right? But like most Americans, you are not independently wealthy. So when the attorney’s private eye finds you (and they will) and the attorney communicates with you that you either have the option of paying $300,000 within 30 days or they will attach 25% of your wages in a garnishment. (For the rest of your life or until you get it paid off!)
Do you think that the last insurance agent from “The Voice” insurance company, really had your best interest at heart, or do you think he was just focused on keeping the doors open with a quick sale?
This is why you should do business with an Independent Insurance Broker like The Washington Insurance Team.

Instead of representing one insurance company, who signs our paycheck and yanks our franchise away if we don’t meet quotas…

The Washington Insurance Team works with 200+Keeping You happy, not Insure-care's stockholders. As an independent broker, our job is to represent you…protecting your assets and making you happy, Not InsureCare’s Stockholders…

After reading this article, if you are not so sure you have enough coverage on your Personal Lines – Auto Insurance anymore and you want to find out if there is anything you need, or can do to be better protected, give us a call or contact us via the form on the contact page.