Volumes have been written about Bruce Jenner’s accident where 1 person died and we aren’t going to pile on. This is a classic case where someone who appears to have all the money in the world may not, and while his divorce didn’t bankrupt him the car accident just might.
A few of the reports we’ve read show that Jenner may have only been insured for $250,000 at the time of the accident. This is an accident where 4 cars were involved and 1 person died. If this is true it could potentially put his personal assets at risk should the victims decide to sue for an amount of money beyond what his insurance policy will cover. Most people we come into contact with only have $100,000 in car insurance or less and for most it will be sufficient however at times it will fall far short of what is needed.
For someone who owns a home, a couple of cars and has investments worth more than a little, having the additional insurance is money well spent. If you just take a few minutes and add up everything you own it might become clear that spending a few extra dollars on liability insurance will help you sleep better at night.
Insurance agents are often to blame when this happens. They want to sell you a policy and earn the commission. They are often afraid that selling you a higher premium policy could make you shop around. You really need to insure to protect your assets because this is what insurance is for. Ask about umbrella policies if you need to but have enough insurance to protect your assests.
As far as the accident goes Mr. Jenner still has bigger fish to fry than how much insurance he has. There are potential criminal charges if it can be shown he was negligent at the time of the accident. This is another great lesson… If you are texting at the time of an accident you could be charged with criminal homicide which could result in jail time! If you know someone who continues to drive and text you may want to mention this fact to them and at least warn them.
If you or a loved one has been injured give The Law office of Guenard & Bozarth a call. We have worked with numerous injury victims and we can help you! Call us at 888-809-1075 or visit us at www.gblegal.com We Can Help!