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A Case Against Cheap Bottom-Barrel insurance, Working with Fair Insurance Companies in Wichita KS

A company that openly promotes the cheapest and most bottom-barrel insurance may actually be missing the point. The point of insurance is to protect a person when an accident occurs in any capacity. An accident in a vehicle can happen in the blink of an eye, and auto insurance is often required by state law. For better or worse, most states do not require state citizens to carry a whole heaping of insurance. The state minimum is the minimum legally required for coverage. Yet, it is hardly sufficient.

The Weakness of the State Minimum

Some insurance companies may promote the cheapest insurance option out there that meets the state minimum. But, most people know that the state minimum is not valuable enough to help when an accident is particularly bad and expensive. Click here for more on the Kansas state minimum and what it currently incorporates.

The state minimum is a good thing to encourage any coverage, but it hardly helps in securing solid coverage. Some state leaders are even debating raising their legal state minimums for coverage due to rising insurance costs, inflation, and other realities.

Bare Minimum Insurance is As it is Titled

Insurance is designed to protect. If it cannot do that, it is not doing its job and ultimately is worthless. Insurance Companies in Wichita KS should typically encourage insurance beyond the state minimum because the companies know that the state minimum is insufficient. Typically, a small increase from the minimum will equate to a minor increase. Some Insurance Companies in Wichita KS may actively discourage and often outright not cover clients seeking the bare minimum. They, like many, know it just won’t get the job done when an accident exceeds $50,000. $50,000 is minor when accounting for property damage, bodily injury, vehicle damage, potential future lawsuits, and the many other ramifications of a vehicle accident. Individuals who have confronted a major medical accident know that $250,000 total is not unheard of.

It happens in the blink of an eye. Saving $10 a month for the state minimum may be an option that is debilitating if a vehicle accident occurs and the $50,000 is exceeded instantly.