Claims Case Study
Low Severity Incident - Fender Bender
A Minor Accident Can Still Cost You Big!
A young driver with minimum liability limits causes an accident that injures a high-income earner. The injured party sues for lost wages and future income, exceeding the driver's coverage and putting their family's assets at risk.
Claim Payout
Vehicle Repair: $15,000
Medical Bills (minor): $10,000
Wages: $8,000
Total: $33,000
Key Message: Even a small fender bender can easily exceed $25,000 in property damage and medical expenses. Higher liability limits protect you from personal financial responsibility.
Medium Severity Incident - Totaled Vehicle
Is Your Coverage Enough If You Total Someone Else's Car and injure them?
A homeowner with $50,000 in liability coverage looks down at their phone to change a podcast and rear ends the car in front of them.
Claim Payout
3rd Party Vehicle Replacement: $40,000
Medical Bills (moderate): $60,000
Legal Fees: $25,000
Total: $125,000
Key Message: Accidents resulting in a totaled vehicle and moderate injuries quickly surpass $25,000 or even $50,000 in liability coverage.
Did you know your wages could be garnished?
High Severity Incident - Serious Injury
A Devastating Accident Can Cost Millions. Are You Protected?
A successful business owner with $100,000 in liability coverage is involved in an accident that causes severe injuries. The resulting lawsuit and settlement exceed their coverage, jeopardizing their business and personal assets,
Claim Payout
3rd Party Vehicle Damage: $50,000
Significant Injuries/Rehabilitation: $750,000+
Legal Fees/Lawsuit: $200,000+
Total: $1,000,000+
Key Message: Serious accidents involving major injuries or fatalities can lead to enormous costs. An umbrella policy provides additional liability coverage beyond your auto insurance limits, safeguarding your assets.