Do you and your family have proper liability insurance coverage? Too often, I meet with seriously injured clients who didn’t understand the importance of having the right insurance company with the right amount of coverage. As we head into a new year, now is a good time to review your automobile policy. You want to have a solid national company with a high liability limit and underinsured/ uninsured motorist coverage (UM/UIM). Your auto policy not only protects you if you are sued, but also protects you and anyone riding in your car when the at fault driver has little or no insurance. Too often, clients tell me that their insurance agent never explained the importance of UM/UIM coverage. A trip to the ER can easily run $20,000. If you are admitted to the hospital, the costs can quickly reach over $100,000. If you are seriously injured in an accident, you may not be able to return to work for months, if ever. Without proper insurance, you could find yourself in serious debt. Or, if you cause an accident you could be held responsible for the other persons medical bills and injuries. You do not want to have less than $250,000 in coverage and if you have any assets, you will likely need higher limits and may want to consider an umbrella policy. If you must save money on insurance coverage, drop towing coverage and get a higher deductible. Shop all the well-known companies as policy costs can vary by hundreds of dollars. Just think, if you were riding with a car with your children and perhaps a couple of their friends, and there was an unfortunate accident that was caused by an uninsured driver, wouldn’t you want your children and their friends to have enough insurance to cover medical bills and pay for pain and suffering? If you were driving and accidently harmed someone, wouldn’t you want the person you hurt to be compensated. It does not pay to go cheap on liability coverage. Accidents happen more frequently than many people think.