How much car insurance do I need in Park Ridge, IL?

Every state in the United States requires drivers to carry a minimum amount of car insurance and residents in Park Ridge, IL are no exception. Drivers in Illinois are required to carry a liability insurance policy and uninsured motorist coverage.

All auto insurance policies have varying amounts of coverage. Licensed drivers in the state of Illinois have a required amount of coverage that must be kept in order to legally drive. Drivers can purchase a policy that provides more coverage than is required by law, but they must have a current policy that provides the minimum amount of coverage.

The Minimum Liability Insurance Coverage Required

Currently, drivers are required to carry liability insurance. This type of insurance policy will provide coverage in the event that injuries or property damage happens as a result of an accident that is found to be your fault.

The current laws require drivers to carry a minimum of $20,000 for bodily injury per person with a total of $40,000 bodily injury claims per accident. Property damage coverage must have at least $15,000.

Drivers are not required to carry coverage that protects themselves or their own property. While many insurance policies include this type of coverage, it is not required by state law.

State laws are always subject to change. These limits are current as of 2014, but may be increased in 2015.

Required Uninsured and Underinsured Motorist Coverage

Occasionally during an accident the individual who is at fault will not have adequate insurance coverage. This may be because they are underinsured for such an occasion or they may carry no auto insurance at all.

In the event that this happens, uninsured and underinsured motorist coverage will help with the costs associated with any bodily injury or property damage that occurs. The state of Illinois required drivers to carry a minimum limit of $20,000 per person and $40,000 per accident, in this type of insurance.

Don’t get caught in a situation where you are underinsured. Contact your Bob Korvas agent to explore various auto insurance policies and to make sure you have the proper coverage you need to drive in Park Ridge, IL.

Home Insurance Company in Morton Grove, IL

Purchasing the coverage that you need for your house can seem challenging. You may have several concerns to address and you may want to purchase a plan that offers more than the basics. Depending on your goals and concerns, a home insurance company may offer the coverage that you need to feel comfortable in your house.

What Coverage is Available?

A home insurance company can offer a variety of different policies and options to protect your home. Usually, a basic policy will protect against the most common perils and threats that are likely to occur, such as a fire or damage from a hail storm.

Additional coverage may be necessary to address concerns related to floods, earthquakes or other natural disasters that are specifically excluded in your policy. You may also want to purchase coverage for expensive items like jewelry, which may have limited coverage due to the possible expense.

Selecting the Right Plan

You can purchase a variety of policies for your home, so it is important to determine the coverage that you want before you start comparing your options. The right plan can be a basic policy or you may want to purchase a more comprehensive policy if you are concerned about liability risks or additional problems that are not associated with basic threats.

The right plan depends on your goals, so you should always compare the coverage and the optional protection that can be added to a plan before you finalize your policy.

Home insurance is an important part of protecting your house and your finances. You do not want to end up paying a small fortune in repairs after a storm, so coverage can help you reduce the risks. To learn more about protecting your house, contact us to talk to an agent today.