Get the one-on-one service of having your own insurance
agent and the discounts that come from the second largest
insurer in the state!
While we welcome drivers with clear records, the Matt
McColm Agency is about insurance not about judgment. We do
SR22s, first time insured, DUIs or other difficult cases.
We explain how you are covered and more importantly how
you are not covered.
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With insurance you have a degree of protection you may
not have considered if you do get in an accident; that
protection is legal defense that is bought and paid for
with your insurance policy. You can also have access to
medical on your policy if you choose coverage.
The Truth About Car Insurance
When I have a new customer ask me for ‘full coverage’, it
is hard not to cringe. ‘Full coverage’ is an inaccurate
insurance marketing term. Your 'full coverage' is going to
be different than Bill Gates' 'full coverage'. It tells me
the customer has not had an active role in setting their
limits. It is my job to provide information so that the
client can protect themselves and their family. I would
rather lose the sale being an advisor than gain one from
being a ‘sales’ guy.
What limit should I have?
It depends. If you are sued in Washington State they can
garnish your wages 25% of your weekly earnings, your
primary residence if equity exceeds $125,000, personal
auto if equity exceeds $2500, and of course liquid assets
and personal property. If you have anything of value, like
having things of value or plan on having anything of value
in the future then you have two courses of action:
1. Have enough money that it really doesn’t matter what
can be seized from you and your estate.
2. Buy some insurance, an Umbrella policy if you have some
assets that you like having or need protected.
If you feel as if minimum coverage is enough then be
aware in 2006-2007 ~ 7% of liability awards were
$1,000,000 or more. The average vehicle liability award
for Washington State in 2007 was over $470,000. The reason
that these statistics are a few years old is that it takes
a while for the courts to catch up with judgments. There
are plenty of reasons to get more than the legal minimums
I would rather you walk out of my office with a minimum
policy that you can afford than a policy that you cannot
afford. Washington’s financial responsibility law requires
uninsured drivers and vehicle owners to be responsible for
collision damages. Despite the laws, at least 20% of
drivers in Washington State are driving without insurance.
It is why I highly recommend adding uninsured/underinsured
motorist as it is usually relatively inexpensive and helps
you and your family against people who are driving without
or are underinsured.
The state doesn’t require proof of motorcycle insurance;
however it is still smart to get it as you are still
financially responsible for damages. When partnered up
with other policies for discounts, a motorcycle policy can
be very inexpensive and it gives you a degree of
protection above and beyond your riding gear: If you do
get in an accident you have the legal defense that is
bought and paid for with your insurance policy. You can
also have the option of medical coverage if you so choose.