There are many different types of insurance coverages, and many misconceptions regarding what constitutes “full coverage” on your insurance policy. You may think you have full coverage but in many instances that is not the case. The following are the basic coverages that are available and each of them are very important:
Liability Bodily Injury - This is a state required coverage at a minimum amount of $15,000.00 per person/$30,000.00 per accident. If you or someone driving your vehicle are legally liable for an auto accident this coverage will pay for the other parties injuries.
Collision - This coverage will help pay to repair or replace your vehicle after an auto accident. This coverage is usually subject to a deductible.
Comprehensive - This coverage will help pay to repair or replace your vehicle from damages not resulting from an auto accident such as a theft, glass breakage, or damage caused by storms. This coverage is usually subject to a deductible.
Uninsured Motorist - This coverage applies when you or someone driving your vehicle is injured by somebody else who does not have any insurance coverage to pay for your injuries.
Underinsured Motorist - This coverage applies when you or someone driving your vehicle is injured by somebody else who does not have enough insurance coverage to pay for your injuries.
Medical Payments - This coverage will help pay medical bills incurred as a result of an auto accident for you and/or anyone riding within your vehicle.
Rental - This coverage will place you in a rental car regardless of who is liable while your vehicle is being repaired or replaced.
If you are unsure of which coverages are included in your current policy contact your agent and ask them or look at your policy declaration page, which you should receive a copy of at each renewal period. Remember, accidents are not planned and can cause horrible injuries resulting in huge medical bills, not to mention a wrecked vehicle – make sure you have enough insurance to cover you and your family.
Liability Bodily Injury - This is a state required coverage at a minimum amount of $15,000.00 per person/$30,000.00 per accident. If you or someone driving your vehicle are legally liable for an auto accident this coverage will pay for the other parties injuries.
Collision - This coverage will help pay to repair or replace your vehicle after an auto accident. This coverage is usually subject to a deductible.
Comprehensive - This coverage will help pay to repair or replace your vehicle from damages not resulting from an auto accident such as a theft, glass breakage, or damage caused by storms. This coverage is usually subject to a deductible.
Uninsured Motorist - This coverage applies when you or someone driving your vehicle is injured by somebody else who does not have any insurance coverage to pay for your injuries.
Underinsured Motorist - This coverage applies when you or someone driving your vehicle is injured by somebody else who does not have enough insurance coverage to pay for your injuries.
Medical Payments - This coverage will help pay medical bills incurred as a result of an auto accident for you and/or anyone riding within your vehicle.
Rental - This coverage will place you in a rental car regardless of who is liable while your vehicle is being repaired or replaced.
If you are unsure of which coverages are included in your current policy contact your agent and ask them or look at your policy declaration page, which you should receive a copy of at each renewal period. Remember, accidents are not planned and can cause horrible injuries resulting in huge medical bills, not to mention a wrecked vehicle – make sure you have enough insurance to cover you and your family.
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