What Kind Of Car Insurance Do I Need?
Reading through your auto insurance policy is not the most exciting thing to do. In fact, it can be a bit confusing with unfamiliar jargon. Figuring it out is difficult to do for many people. If your car insurance reads like a difficult math problem to you here are a few explanations to help you out.
There are several different facets of car insurance. Liability insurance includes bodily injury as well as property damage. Bodily injury liability will help cover funeral and/or medical expenses as a result of a fender bender caused by you. If you are the reason for the accident and it is your fault this insurance will cover your passengers. States determine the minimum coverage required but you should explore buying more than the minimum amount.
If you are in an accident and you damage another car, house or other property this is where your property damage liability coverage protects you. Again, the state you live in requires certain minimums in property damage liability. You may want to buy more coverage than the minimum. What if you get into an accident with an expensive Rolls Royce? Minimum coverage may not be enough protection and prevent you from being sued.
If someone else nails you and messes up your vehicle your collision insurance coverage will handle this. You typically will have a deductible to pay. This is normally $500 to $1,000. The rate of your premium will depend on many factors like the value of your car and if you own it outright.
In the event of fire, theft, a falling tree or anything other than a collision to your car is where comprehensive insurance coverage comes into play. This coverage will help out at for things you can can’t foresee or that are mostly out of your control.
These are just a few of the major types of auto insurance coverages. These are important to understand make sure you that you adequate insurance. Buying insurance is not the funnest thing in the world. It is one of those things that you hate to pay for but when you need insurance, it sure is nice to have.
Slade Tanner enjoying blogging about Auto Insurance in Tampa
