So you’re ready to select auto insurance for your car. Where do you start? It’s a good idea to learn about your options. Here are some of the different types of coverage you may include in your policy. Let’s start with auto liability, which is required by law in most states. If someone gets hurt in an accident you caused, bodily injury liability coverage helps pay for your legal fees if you are sued as well as the injured person’s medical bills and lost wages. If you damage another person’s property with your vehicle, property damage liability coverage may help reimburse the other party for repairs or replacement. Next, let’s look at coverage that helps pay your medical expenses if you’re hurt in a car accident.
Depending on the state where you live, you may have the option of purchasing either personal injury protection or medical payments coverage. These may help pay doctor or hospital bills after a covered accident. Another type is UNinsured and UNDERinsured motorist coverage. If you’re hit by a driver who doesn’t have car insurance, UNinsured motorist coverage helps pay for your medical bills and depending on where you live, repairs to your property, after the accident. UNDERinsured motorist coverage works similarly. It helps pay your medical expenses if you’re hit by a driver whose liability coverage limits aren’t sufficient to pay for your bills after the accident. And then there are coverages that help if your car is damaged. Let’s say you need to replace or repair your vehicle after a collision with another car or object. Collision coverage helps pay those costs. What if your car was damaged by something other than an accident? Comprehensive coverage helps pay to repair or replace your car if it’s damaged by things like theft, animals, falling objects or fire. Finally, it’s important to remember that each type of car insurance coverage has a limit, which is the maximum amount your insurer will pay for a covered claim.
And, some coverages have a deductible, which is the amount of money you pay out of pocket toward a covered claim. Have questions? Reach out to your agent to learn more about what types of coverage may be best for you..
As found on Youtube