Car insurance can be a confusing topic, but it is one that's important to understand. If you live in a state that requires you to carry auto insurance on your vehicle, you can face hefty fines if you don't have coverage. Insurance agents have the answers to most of the commonly asked questions concerning auto insurance policies and the features they include.
Comprehensive insurance is normally required on all vehicles that are still associated with a lender. This is to ensure the loan on the vehicle is paid off if an accident occurs. Comprehensive insurance also offers the most benefits to individuals who own their vehicles outright. This type of policy covers the theft of personal items if the vehicle is broken, or if any vandalism occurs. A comprehensive policy can also include roadside recovery and towing if your vehicle breaks down along the highway. You may also have the option to rent a vehicle while repairs are being made. While this type of policy is generally more expensive, it offers many extra features that the other policies don't.
Collision insurance is used to pay for the damage to your vehicle and any other vehicle that is damaged during an accident, which is proven to be your fault. Uninsured motorist coverage often falls under this category and will cover collision damage to your vehicle if the other driver is proven to not have insurance at the time of the wreck. However, collision insurance only covers damage to your vehicle. It does not cover bodily injury or property damage outside of the other person's vehicle. Collision insurance is less expensive than comprehensive and often has a higher deductible to make it more affordable.
Bodily injury coverage is added to almost every type of auto insurance coverage. This type of insurance is used to cover the cost of treating the injuries of individuals who were hurt in the accident. With PL/PD insurance, the only persons covered are those in the other vehicle or pedestrians who were involved in the accident. With PL/PD, none of your damage is covered and neither are your medical needs. In order for your injuries to be paid for you will have to have a collision or comprehensive policy that includes that type of coverage. Each state has its own mandatory limits for both bodily injury and property damage coverage. Individuals who can't provide proof of insurance that meets these requirements may lose their license if they are involved in an accident.
Property damage coverage is included in PL/PD auto insurance policies. This type of coverage only covers property owned by others that was damaged during a crash. It does not provide coverage to the policyholder. The state-mandated limits vary from state to state. Drivers who allow their insurance to lapse or who choose not to carry insurance may lose their license and pay hefty fines if they are involved in a crash. Property damage is not limited to other vehicles. It can include fences, landscaping, buildings, and any other type of personal property. It is extremely important to understand who bodily injury and property damage insurance policies work together.
At East End Insurance Agency, our reputable agents have many years of experience in assisting their clients with almost any type of auto insurance situation. We are able to explain car insurance features in great detail and assist each client in getting the exact coverage they need and can afford. Contact us today!