How much car insurance coverage should you buy? The simple fact is that the minimum coverage limit required in Tennessee of $25,000 per person injured and $50,000 total per accident if multiple people are injured is grossly insufficient coverage if the injured person has more than just a few bruises and a couple of visits with the doctor as a result of the wreck. The average cost of an emergency room visit across the U.S. is more than $2,000. If you have significant injuries requiring x-rays, MRIs or CT scans, surgery or another procedure, the cost will be even more. Follow-up medical appointments, physical therapy, prescriptions, etc. will also increase the costs. And that’s just the medical bills. In Tennessee, the damages recoverable in personal injury cases also include lost wages, lost earning capacity, permanent impairment, scarring and disfigurement, pain and suffering, lost enjoyment of life, and loss of consortium for the injured person’s spouse. Think about how much money you would need if you were suddenly unable to work and unable to support your family. Think about how much money you would need if your child needed daily medical care. In many cases, even $1 million dollars in automobile insurance is not enough. Consider a $1 million policy, a 250/500 policy (providing up to $250,000 per person injured with no more than $500,000 total coverage if multiple people are injured), or a $100,000/$300,000 policy. Remember to make sure your uninsured motorist coverage matches your liability coverage!
Posted on: Thu, 06 Mar 2014 00:29:34 +0000
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