Knock a streetcar off its tracks – Got coverage?
The Seattle Times has the story on a collision that knocked one of the streetcars off of its tracks. Go read the story and look at the picture and then stop and think: How much is it going to cost to put that Streetcar back on the tracks and repair all the damage? While there were likely no injuries to passengers or the operator, it’s not impossible so add in a couple of trips to the hospital to check people out if they fell during the collision. Now, go check your automobile insurance policy, or if you use ZipCar, go read this. ZipCar’s coverage only provides $300,000 of coverage for any single incident. Many lower cost auto policies do the same. Using today’s streetcar/automobile collision as an example, you can see that it is easy to exhaust a $300,000 policy pretty quickly.
This week would be a good time to call your insurance agent and check up on your policy – Or, if that car of yours hasn’t been getting used as much, maybe consider ditching it. But if you decide to use ZipCar, be sure to check with your insurance agent about an additional liability policy to cover you above ZipCar’s measly limits.