There are several different types of auto insurance coverages .I basically wrote every type so you can know what the name of the coverage is and how it works. Having an auto insurance coverage will help you protect whenever you get in a car accident or when there is a loss to your automobile like fire and theft. You also need to be protected in case you injure another person through the use of your car or if you damage somebody’s property when using your car.
Bodily Injury Liability Coverage, this coverage is for any injuries sustained to people involved in an accident where you are at fault. This is required by law in every state. Check to see what the minimum requirements are in your state’s Property Damage Liability Coverage and find out what will pay for damages to the other person’s vehicle in an accident where you are at fault. This is also required by law in most states and plus its good to have. Personal Injury Protection or PIP will cover you, the driver, and your passengers’ expenses for injuries sustained when you are in an accident so if u have kids or married this would be a great coverage to purchase.
Uninsured/Underinsured Motorists Coverage, this will protect you in the event that you are in an accident and the person who is at fault is not insured. Comprehensive Coverage, this car insurance coverage will pay for damages to your car that are unrelated to an accident. For example, this will cover any damages due to fire, vandalism, or a tree falling on your parked car. If your car is being financed this type of coverage may be required by your lender.So u should just have it from the get go.
Collision Coverage will cover any damages to your car when you are in an accident. This type of coverage may also be required by your lender if your car is being financed.Towing and rental coverage, which pays if you have a breakdown and need to have your vehicle towed and if you need to rent a vehicle while yours is being repaired.Medical coverage, which pays the cost of treating your injuries, or those of your passengers, after an accident.
The personal auto policy can be written to a single individual like a husband or wife that live in the same house.Most auto insurance coverage are written to include all of the available coverages like the ones listed, but if you are saving money, you can choose whatever auto insurance coverage you want and opt out of the others which are not mandatory, but you don’t have too. This is just a reminder, read the fine prints since there are conditions, limitations, and exclusions all found in the auto insurance coverage world.
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