When I think of “must-haves” in life, I think of food right away.
- I “must-have” pizza and chocolate chip cookies.
- I “must-have” lots of money.
- I “must-have” my health and well-being.
One thing I usually don’t think of “must-having” is automobile insurance…
…probably one of the most important things that I actually do need.
Auto Insurance is Not Just For Accidents
Automobile Insurance is not just for car accidents. It also protects you from all the unknown things that could happen. Almost all policies will cover you in the unfortunate event of an accident, but some will even protect you from other things such as vandalism, bad weather, and more.
At Citywide Insurance, we have a wide variety of insurance policies that can be personalized into the best policy for your specific needs and budget.
Some of the most common types of Automobile Insurance is:
If you cause an accident, this two-part coverage (bodily injury and property damage liability) will pay for the other person’s vehicle repair and medical bills. It will NOT protect you or your passengers if you’re injured or your vehicle is damaged as a result of this wreck.
This coverage will pay to repair or replace your own vehicle after an accident. The coverage extends to damage caused by a collision with an object (house, tree, etc.) or an accident in which no object was involved (your car flips, you go off the road). Most states do not mandate collision. insurance, but if your car is leased or you have a loan on it, your finance company will require it. In order to purchase collision insurance, you must have comprehensive car insurance.
Comprehensive Car Insurance
This protects against damage but caused by an accident (Theft, natural disaster, falling rocks, etc.) This insurance is optional unless your finance company requires you to have it.
Personal Injury Protection
This is sometimes called no-fault insurance. This covers medical expenses that occur in an accident regardless of who is at fault. Coverage extends to other drives listed on your policy, members of your household, and passengers. Qualifying expenses include medical bills as well as lost income, childcare, or even a funeral. Only some states require this protection and are optional in other states.
Medical Payments Coverage
This is similar to PIP but is more limited. It covers accident-related medical expenses for you, your passengers, household members, and other policyholders. Since this is an optional coverage, it supplements health insurance for those who have it and serves as a substitute for those who don’t. It can cover co pas and deductibles of other insurance policies such as health insurance and PIP.
Uninsured/Underinsured Motorist Coverage
This policy is for the drivers who break the law and drive without auto insurance. Or those who don’t have adequate coverage. In case you are injured, or your car is damaged in an accident caused by this type of driver, this insurance can pay for medical bills and car repairs.
There are other types of car insurance coverages too, such as GAP (guaranteed auto protection) and PUP (Personal Umbrella Policy), and more. I will touch more on them in my next blog.
In the meantime, I hope these explanations help you understand a little more about automobile insurance.
Call me today and let Citywide Insurance help you get the best quote and coverage that your need.
We are local hometown people who truly care about you and your family.
We want to help you!