Without auto insurance, anything of value that you own, your home, savings, future wages, and other assets, may be taken to pay for losses arising from an accident.Auto insurance can help protect you so that this doesn’t happen. Auto insurance also pays for an attorney to defend you against any claim or lawsuit that may be payable under the policy. You can purchase auto insurance to cover damages to your auto. This coverage will help pay for your losses whether or not you were at fault.
There are a number of factors you should consider when purchasing auto insurance. First, purchase the amount of liability coverage that makes sense for you. Second, you should decide which optional coverages you want. For example, do you want the physical damage coverages or is the market value of your car too low. We will help you evaluate which coverages best suit your particular situation.
Below are short descriptions of coverage for an auto policy.
Bodily injury liability provides protection if you injure or kill someone while operating your car. It also provides for a legal defense if another party in the accident files a lawsuit against you.
Medical payments, usually pays for the medical expenses of the injured driver and passengers in your car.
Comprehensive physical damage coverage pays for losses resulting from incidents other than collision. For example, comprehensive insurance covers damage to your car if it is stolen; or damaged by flood, fire or animals. To keep your premiums low, select as high a deductible as you feel comfortable paying out of pocket.
Collision coverage pays for damage to your car when your car hits, or is hit by, another vehicle or other object.
Property damage liability protects you if your car damages someone else’s property. It also provides you with legal defense if another party files a lawsuit against you. It is a good idea to purchase enough of this insurance to cover the amount of damage your car might do to another vehicle or object.
Rental reimbursement coverage pays for a rental vehicle when the insured’s vehicle is out of commission as a result of a loss covered under comprehensive or collision coverage.