Abramson Smith Waldsmith LLP

August 2019 Archives

Purchasing liability insurance may protect your assets

According to Market Insider, California is one of the worst states to file an accident claim. California gets ranked second after Michigan and Louisiana. What did researchers use to arrive at this conclusion? They looked at the states where drivers pay the most on average after filing auto accident claims. Michigan and Louisiana average $3,502 and $3,348 respectively. California averages $3,081.

When one party in an accident is uninsured

In the ideal world, drivers all have car insurance and no one drives stolen cars or on a revoked or suspended license. Unfortunately, no one lives in a perfect world and Californians are no exception. USA Today notes that nationwide, one in eight drivers have no insurance. This may result from either lapsing on insurance payments or never buying insurance because they do not own a car.

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