Lilly, O'Toole & Brown Blog

Don't Skimp on Insurance When Times are Tough

For a lot of Americans the times are troubled.  The economy is reported to be in bad shape and many thousands of people have lost their jobs.  A small ray of sunshine exists at the gas pump, where prices have come down from around four dollars a gallon to less than two dollars a gallon for regular unleaded.  But with uncertain economic times we are all looking for ways to save a little cash here and there.  One place we definitely don't want to cut back is our insurance coverage.  Without proper insurance coverage, that rainy day can turn into a monsoon.  Think about this:  on your way to that job you are desperately trying to hold on to you are struck by an uninsured motorist.  With uninsured motorist coverage you will have the opportunity to recover some of that time lost from work and medical bills but if you decided to cancel that coverage because it would save you around $75, you have made a losing bet.  Some people will shop on line for coverage and look for a better deal, which is a great way to make sure you are getting the most for your money.  But don't let that computer or person convince you the way to pay less is to get rid of some coverage.  That coverage is money well spent when you need it, because you won't get it anywhere else.  It is also money well spent if you don't end up using it, because peace of mind knowing it is there for you is priceless.