There are many types of coverage to consider when purchasing Auto Insurance. You do not want to spend money one coverage you do not need, but you also do now want to skip on coverage that you will regret later. The great thing about talking to an agent is the ability to discuss your needs and how to protect you in the most comprehensive and cost-efficient way.
Some of the basic coverage your agent will be discussing with you are:
There are two types of liability car insurance that the majority of insurance companies offer.
Also called “BI” coverage, Bodily injury liability coverage provides payments for costs associated with injuries for which you are legally liable.
If your actions resulted in an injury to another person and it was were determined you were legally responsible for those injuries. Your BI coverage will pay for bills associated with those injuries, such as:
Medical expenses, pain, and suffering, or lost wages.
Often referred to as “PD” coverage, Property damage liability coverage pays for costs from damage done to another person’s or company’s property, including the loss of use of that property.
This means that your actions caused damage to property (a car, a house, a tree, etc.) and you were found legally responsible for those damages.
Your PD coverage will pay for bills associated with things such as Vehicle repair, repair to fence you crashed through, or clean up and removal of the knocked over the tree.
These are just a few examples of the bills and costs that could be covered. Also, if you are sued, liability coverage may pay your defense and the court costs. States normally determine what the losest allowed limits may be. Depending on your assets and situations, the lowest limits allowed may not offer you enough protection. Speaking to your agent about what limits you need is an important conversation.
Uninsured / Underinsured Motorist:
Uninsured motorist coverage may help pay for your medical bills or repairs to your vehicle (in some states) if you are hit by a motorist who does not have insurance, this can even include a hit and run. If the drive at fault does not have liability limits high enough to cover your medical bills underinsured motorist coverage may help.
Some states require this coverage and others have that as optional coverage.
Comprehensive coverage is designed to help cover damage to your car for things other than a collision. They may help with things like theft, fire, hail or vandalism. If your car is damaged by a covered peril (a specificly named incident), comprehensive coverage may help pay to repair or replace your vehicle (up to the vehicle's actual cash value). This coverage has a deductible, which is the amount you'll pay out of pocket before your insurer reimburses you for a covered claim.
Comprehensive is typically an optional coverage — but your lender may require it if you're leasing or paying off your vehicle.
Call 928-763-4360 to set up your appointment.