Auto or car insurance coverage has two parts. The first is the liability section of the policy. It covers your financial responsibility for injuring others. Some liability coverage is required by most states.
The second part of auto insurance covers the car itself: comprehensive coverage reimburses losses from fire, theft or other perils; collision coverage pays to repair losses caused by an accident. Often this coverage is mandated by leasing companies or banks. There are also ancillary medical, car rental and other coverages which vary by state.
Utilizing high deductibles on the physical damage coverages can help reduce premiums. If you carry umbrella insurance, you must be sure that you carry the required amount of basic liability insurance to avoid a gap in coverage for a serious accident.
Liability coverage pays for damages to property or injuries that result from an accident where you are at fault. Many liability policies also cover the court costs which may arise if the other driver sues you. Bodily injury and property damage coverages are typically viewed as different aspects of a cohesive policy, and drivers can purchase higher amounts of each than the state requires if they wish to protect themselves from the consequences of a serious accident or lawsuit.
Uninsured/Underinsured motorist coverage ensures that you are protected, in the event that the other party lacks adequate insurance.
If you are involved in an accident with a driver who does not have insurance as required by law, uninsured motorist coverage will cover the costs of injuries or damages you sustain from the incident.
Personal Injury Protection (PIP) provides reimbursement for any lost income or medical expenses resulting from an accident, regardless of whether the accident was your fault or the other driver’s. PIP coverage can be partial or purchased in full. Some auto insurance companies will allow you to opt out of this coverage to reduce your premium, but only if your health insurance will cover the same expenses.
Of course, there are plenty of other non-essential coverages that you can buy in addition to the mandatory aspects of your plan. We can help you understand which of these auto insurance options might be right for you, including:
Collision Coverage or Comprehensive Coverage. Both of these options will pay for repairs caused by an accident or events such as theft or striking an animal.
Rental Reimbursement. If your car is involved in an accident and requires repairs that require a long time to repair, rental reimbursement coverage covers the cost of a rental car.
Towingand Labor. Towing and labor pays for the expense of towing your car to a repair facility if it is undrivable and covers a specified amount of labor charges that are required to fix the problem.
Transportation Coverage. This benefit covers the cost of bus tickets or subway fare you may need to purchase while your car is being repaired.
As with purchasing any type of insurance, the sheer number of options available can be overwhelming. That’s why we’re always here to offer guidance and helpful advice.
Call us or text us from your mobile phone today. We can help you make sense of your policy options and get affordable auto insurance that fits your needs.
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