How To Insurance | 021 | If you crash into a Tesla, are you covered?

 

Hi, I’m Peter!

Welcome to HOW TO INSURANCE

Helping YOU understand insurance, 

building CONFIDENCE for your future! 

Question:

If you crash into a Tesla, are you covered?

What if you crash into and total a brand new luxury car? Or even just a nice new truck or SUV. So many vehicles on the road today are over $50,000 and even near $100,000 in value. 

Does your auto insurance “property damage” cover you? 

Would your insurance buy them a new car? 

Or would the owners come after you with a lawsuit because you couldn’t cover it? 


Answer: 

Your Auto Insurance should have a high “property damage” limit!  

I’d advise having at least $100,000 in property damage coverage. 

If you live in an expensive area with a lot of fancy cars… you may want up to the max of $500,000 in property damage coverage. 

If you're in an accident in which you're at fault, your property damage liability will pay for the covered damage you've caused to the other car. It will also provide for the legal defense if the other party files a lawsuit against you. 

You should have enough property liability insurance to cover the amount of damage your car might do to another vehicle or an object such as a building or piece of equipment.

Here is a great resource with more info: 

https://www.travelers.com/car-insurance/coverage/liability


Bottom Line… don’t be stuck with the bill for a new Tesla because you tried to save a few bucks on your auto insurance!

At Apple Insurance Solutions,

We all want to protect what matters most to us in life, 

but finding the right insurance can be confusing. 

So I make it simple. 

As Your Insurance Broker, 

All your insurance is covered in one relationship,

saving you time and

building confidence for your future. 

If this was helpful to you, please: 

  • “Like and Share” this post

  • Follow me on social media (@appleinsurancesolutions)

  • Contact me at peter@appleinsurancesolutions.com

Also, keep in mind, that as Your Insurance Broker,

I offer insurance for auto, home, life, health, medicare, umbrella and business… when you work with me, all your insurance needs... are in one relationship.

Thank you for reading HOW TO INSURANCE

Helping YOU understand insurance, 

building CONFIDENCE for your future! 

PETER D JOHNSEN

Insurance Broker | Apple Insurance Solutions

360.818.4865 | appleinsurancesolutions.com  

Auto | Home | Life | Health | Medicare | Umbrella | Business 


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