There is a lot of insurance coverage that we hear, but most do not know the meaning of what it does and how it works. We just know that it will give us protection from injury to losses and other unexpected events. As a car owner, you think that it is your responsibility to get insurance for your auto, but what exactly is the type of coverage you have? There are various types of car insurance that we should know so we can determine what we need and why we need it in the first place.
Liability Coverage
Liability coverage is required to most places and a licit requirement before you can drive a car legally. If a covered accident occurs, this insurance covers injury or property damages.
Collision and Comprehensive Insurance
Both collision and comprehensive insurance cover damages that involve another vehicle. In collision insurance, it helps in replacing or is liable to repair the covered auto. On the other hand, comprehensive insurance covers damages aside from collisions. It includes vandalism or accidents involving animals or some weather events.
Uninsured and Underinsured Motorist Insurance
Uninsured motorist insurance usually goes hand in hand with underinsured motorist insurance. The former can protect the driver and the car when involving a collision with another vehicle with uninsured driver. It also covers the hit-and-run accidents. Individuals get insurance not only for security but for saving money as well since insurance companies cover some losses. However, underinsured motorist insurance does not provide enough protection. If you are involved with drivers that are underinsured, this insurance will make up for the costs that underinsured motorist can't cover.
Medical Payments Coverage
Medical expenses always follow after an accident, and it is just as inevitable as these unexpected events. Medical payments coverage can pay for medical costs regardless of whose fault it is that causes the mishap. Accidents happen because of the negligence of either party or maybe both. Nevertheless, it is safe to have protection in all circumstances.
Personal Injury Protection Insurance
When accidents occur, personal injury protection insurance can also cover income losses when the victim was not able to work due to the covered accident. Also, it can cover up to 80% of other expenses like medical costs depending on policy limits.
It is always imperative to research or have consultations and get quotes for the best insurance that will suit you best. Avoid spending your hard earned cash on something that you know little about. At Sameday Insurance Services, we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. To learn more about how we can help you, please contact our agency at (888) 750-9775