Like most other states, Mississippi sets minimum coverage requirements for auto insurance policies. However, those minimums are rarely enough when it comes to fully protecting yourself and your family against mishaps. Storey Insurance, serving residents of Senatobia, MS, can help you find a policy that will fully protect you and fit your budget.<\/p>\n
The most crucial aspect of any auto insurance policy is liability coverage. Mississippi’s minimum bodily liability coverage of $@5,000 per person, $50,000 per accident, and property liability of $25,000 rarely covers mishaps, unless the accident is minor. Medical bills, especially, can run into hundreds of thousands of dollars. With minimal coverage, you will end up responsible for the bulk of these bills if you will be liable for an accident. Determining coverage depends on your net worth, assets, budget, and risk tolerance.<\/p>\n
Financial experts recommend carrying $100,000 per person and $300,000 per incident for bodily liability. You should also carry $100,000 for property damage. These higher limits are essential because of the increased costs of medical care and vehicles in recent years. Leased or financed vehicles must have comprehensive and collision coverage. However, you should keep these coverages once you have finished paying off your car to cover the costs to repair damage.<\/p>\n
If you have low net worth and few assets, you can usually get by with 50\/100\/50 coverage. However, if you are a homeowner with an average income, assets and a savings account, consider increasing your liability to 100\/300\/100. Those with high income and net worth should increase those numbers to 250\/500\/100.<\/p>\n
The agents at Storey Insurance will work closely with you to recommend the appropriate amount of auto insurance for your needs. Contact our Senatobia, MS, office to learn more and get started on a policy.<\/p>\n","protected":false},"excerpt":{"rendered":"
Like most other states, Mississippi sets minimum coverage requirements for auto insurance policies. However, those minimums are rarely enough when it comes to fully protecting yourself and your family against mishaps. Storey Insurance, serving residents of Senatobia, MS, can help you find a policy that will fully protect you and fit your budget. Determining Your […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[19,18,14,13,5],"class_list":["post-168","post","type-post","status-publish","format-standard","hentry","category-auto-insurance","tag-auto","tag-insurance","tag-ms","tag-senatobia","tag-storey-insurance"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t