Hi all, Rico here!
How familiar are you with car insurance? There are a few different types of insurance coverage options for your car. It’s important to be familiar with the different types so that you have the most appropriate type of coverage for your car should anything happen. Here’s a brief overview of the coverage options:
Comprehensive insurance covers things like your car being stolen or damaged. It also covers incidents like vandalism, fire, natural disasters or an animal damaging the car. It does not cover any damage to your vehicle or another vehicle with damage as a result of an accident.
It also will not cover any medical bills incurred from an accident.
Liability insurance coverage covers bodily injuries and damage to property and vehicles belonging to the other party if you cause an accident. It will also cover legal defense associated with the accident if you’re at fault and are sued.
Liability insurance is required to be carried by law. Liability insurance doesn’t cover any damage done to your own vehicle, nor does it cover your own personal costs associated with injuries as a result of the accident.
Collision insurance helps to cover damages to your vehicle or other objects when in an accident. It does not cover things like theft or hail or damage to another person’s vehicle. It also does not cover medical bills associated with the accident whatsoever. Collision coverage is optional if you own your vehicle flat out with no lease associated with it.
With each different insurance type, there are different options, levels and requirements in place. Some deal with coverages related only to the driver and their vehicle, and some only cover the other party.
In addition, there are coverages to protect you from an uninsured driver. It’s important to do some research prior to purchasing your policy to ensure you have met the state requirements and also to ensure you and your car are covered in the smartest way possible.
We deal with all major insurances and can help to explain the different coverages and benefits of each related to an specific estimate too.