the most common auto insurance coverage that you need
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THE MOST COMMONAUTO INSURANCETHAT YOU NEED
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If you are purchasing auto insurance forthe first time, it is important to understandwhat each option does, and how they work.Some coverages are required by certainstates, while others are extra options toexpand your coverage.
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So, What is the most common autoinsurance coverage? Customising yourauto insurance coverage depends onbudget, needs, and amount of coverage.Below are some of the most common typesof coverage that may fit your needs.
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Liability Coverage is a policy to help pay for any damagesyou are legally responsible for. If you are involved in anaccident and are at fault, Liability Coverage pays forsomeone’s medical expenses, personal injuries, andproperty damage.
There are two types of liability coverage – Bodily Injury,and Personal Property. Before you can obtain yourdriver’s license or register your vehicle, most statesrequire you to carry a minimum amount of liabilitycoverage.
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LIABILITY COVERAGE
This coverage helps to pay for damages toyour vehicle if you hit another vehicle or afixed object such as lamp posts and trafficlights.
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COLLISION COVERAGE
This plan will help to cover the damages to yourcar vehicle should it receive any form of damageother than collision.
This includes theft, being broken into, vandalism,riots, floods, fire, animal collision, and mostnatural disasters.
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COMPREHENSIVE COVERAGE /OTHER THAN COLLISION / FIRE &
THEFT
Commonly, about 13% of drivers are completelyuninsured, and 30% do not have enoughinsurance. Uninsured/Underinsured MotoristCoverage will provide Liability Coverage foryourself if you are involved in an incident wherean uninsured or underinsured motorist is at fault.
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UNINSURED/UNDERINSUREDMOTORIST COVERAGE
Similar to a health insurance, Medical Paymentcan pay for medical expenses of anyone in yourvehicle who gets hurt or is involved in anaccident.
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MEDICAL PAYMENT
Similar to Medical Payments coverage, PIP helps to payfor medical expenses for whoever gets hurt or is involvedin an accident in your vehicle. However, PIP can also payfor a wide range of other costs, such as medical andrehabilitation expenses, work loss, funeral costs, andeven replacement services.
Most states require drivers to carry a minimum level ofPIP coverage.
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PERSONAL INJURYPROTECTION (PIP)
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FOR MORE INFO, PLEASECHECK WITH YOUR LOCAL
INSURANCE PROVIDER
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