Auto Insurance Policies
Properly insuring a vehicle is so important that state laws require all drivers to have a minimal amount of insurance coverage. For those unfamiliar with the concept of auto insurance, it is a contract with an insurance company in which the driver pays a premium and the company agrees to pay for any damages that driver causes in the event of an accident. There are several types of insurance available to drivers. The most common types are liability and comprehensive coverage. Liability coverage will pay for repairs and medical bills for property damage and injuries to others when a car accident is determined to be your fault. It will not cover the cost to repair your vehicle or pay for your injuries.
Comprehensive coverage covers any damage to your car regardless of who is responsible. In addition to covering accidents, comprehensive coverage protects your vehicle in the event of theft, or damage due to weather or other unusual circumstances. Collision coverage protects you in the event of a collision. Unlike liability coverage, collision coverage pays the cost of repairs and medical expenses for you even if you are deemed responsible for the accident.
Personal injury protection is a type of insurance that is available to motorists in most states. This insurance will cover the medical bills for you and any passengers regardless of who is at fault. Uninsured/Underinsured motorist protection is another type of coverage available. While drivers are required by law to insure their vehicles, not everyone does, or has enough coverage to pay for serious injuries or property damage.
If you are in a collision caused by an uninsured or underinsured motorist, you may not receive any compensation for damages or injuries. This coverage assures you that your vehicle will be repaired and medical expenses will be covered. There are many benefits to having adequate insurance coverage. The peace of mind that comes from knowing that in the event of a collision you, your passengers, your property and you family will be protected is invaluable. Auto insurance truly is a necessity for all motorists.