I know this is off topic for this room but it gets tons of traffic and after the week I've had, the stress that has come of all this....I just want you all to be aware of this.
Many of you know I was in a car accident last week. The accident was my fault. Which means, I was liable for not only my car, but the other two cars involved. We didn't realize it at the time but we were only carrying state minimum insurance, 25/50/25. What that means is we only had $25,000 in liability, $25,000 for medical, and a total payout of $50,000 on the claim. And on face value, it sounds like a lot. It's not! We were lucky. I hit two cars and totaled them that weren't worth a whole lot, $8,300 and $19,000 but we still went over our max liability coverage by $2,300. We now owe our insurance company $2,300 for those cars! I say I'm lucky because had I hit a Cadillac Escalade, a $60,000 car and the $19,000 Altima, we would owe our insurance company almost $50,000!!! We would be filing bankruptcy or losing our home over this. The difference between my state minimum insurance plan and the new 100/300/100 plan we now have is.......$45 for six months!!! Seriously, that's $7.50 per month guys. You pay that for coffee and a donut!
Please, please, please check your insurance coverage. If you are carrying state minimum then up it to 100/300/100. There's just no excuse for not having it. Let my ignorance be your lesson and make sure you and your family are covered. Had someone been seriously injured the outcome could have been devastating for us. We ended up so lucky in so many ways on this one. My car has also been totaled. But we are safe, we are lucky, and no one was injured!