To make sure you don't get surprised when the time arises that you need your auto insurance the most, here are five things most policies typically cover.
Mandatory in most states, liability coverage includes bodily injury and property damage. If you cause an accident or damage another person's property while behind the wheel, your insurance will pay the costs.
When you, family members, or other passengers are driving your insured vehicle and are injured in an accident, your auto insurance will be responsible for paying the medical costs associated with your injuries.
Usually, optional coverage, collision coverage from an insurance company will give you the coverage you need if you are involved in an accident with another vehicle.
If your vehicle is stolen or vandalized, it will be covered thanks to your auto insurance policy's comprehensive coverage. This can also provide coverage if your vehicle is damaged or destroyed in a fire, or if it sustains storm damage after a hail storm.
Found in more and more auto insurance policies, towing and labor costs coverage will pay if your vehicle suffers a breakdown and needs to be towed. This coverage can also pay for jump starts, tire changes, gas delivery, or getting lockout assistance from a locksmith.
When purchasing auto insurance, always make sure you understand exactly what it covers. Thus, should your vehicle sustain damage or you find yourself involved in an accident, you'll know exactly what to expect when you contact your insurance company to file a claim.
Liability
Mandatory in most states, liability coverage includes bodily injury and property damage. If you cause an accident or damage another person's property while behind the wheel, your insurance will pay the costs.
Medical Payments
When you, family members, or other passengers are driving your insured vehicle and are injured in an accident, your auto insurance will be responsible for paying the medical costs associated with your injuries.
As for what are considered to be covered costs, these include x-rays, surgeries, hospital and doctor's office visits, physical therapy, and other related services and costs.
Collision
Usually, optional coverage, collision coverage from an insurance company will give you the coverage you need if you are involved in an accident with another vehicle.
Along with this, it also covers you if you are driving and hit a fence or other structure. If you aren’t sure what collision coverage would cover, consider contacting a company like the Lofrumento Agency, Inc. to get answers to your questions.
When you have this type of coverage, it will pay to repair or possibly replace your car. If your car needs to be replaced, remember that this will be up to its current cash value, minus your policy's deductible.
Theft or Vandalism
If your vehicle is stolen or vandalized, it will be covered thanks to your auto insurance policy's comprehensive coverage. This can also provide coverage if your vehicle is damaged or destroyed in a fire, or if it sustains storm damage after a hail storm.
Like collision coverage, comprehensive coverage will pay to repair or replace your vehicle, up to its cash value. However, you will also need to meet your deductible, so keep this in mind.
Towing and Labor Costs
Found in more and more auto insurance policies, towing and labor costs coverage will pay if your vehicle suffers a breakdown and needs to be towed. This coverage can also pay for jump starts, tire changes, gas delivery, or getting lockout assistance from a locksmith.
When purchasing auto insurance, always make sure you understand exactly what it covers. Thus, should your vehicle sustain damage or you find yourself involved in an accident, you'll know exactly what to expect when you contact your insurance company to file a claim.
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