An auto insurance policy provides property, liability and medical coverage to people who are injured or whose property is damaged. It will also protect you from potentially catastrophic financial loss if you are involved in an auto accident.
Auto insurance is an area where people often buy a policy and forget about it. Auto insurance is required in most areas of the country. It’s considered a “necessary evil” that people buy and are usually looking for the cheapest rate; only to soon forget about. Unfortunately, many of these policies were written with bare minimum coverage. Policyholders don’t find out until its’ too late. Partnered with Woodhome Insurance Agency, we can make sure we doing the auto insurance shopping to make sure you have the proper coverage, at the lowest price.
Some Key Ways that Auto Insurance Protects you:
Bodily injury liability
This coverage protects the driver, policyholder and passengers who are injured in a car accident or who cause injury to other people. You and members of your immediate family listed on the policy are covered, too, when driving someone else’s vehicle without his or her permission. Should your policy provide minimum liability coverage, you could be financially devastated if you are sued or cause a serious accident. For that reason, we advise clients to purchase greater coverage than the minimum your state requires. Doing so will safeguard your finances after an accident.
Property damage liability coverage
This coverage insures you against the cost of damages you or another driver of your car cause to someone else’s property, such as lamp posts, telephone lines, buildings, fences and other structures.
Medical payments and personal injury protection
This covers the costs of caring for the driver and passengers of the policyholder’s car when an accident occurs. Some policies also will cover lost wages and funeral costs when someone is injured or killed.
This covers the damage caused to your car in an accident, including damage from potholes. The size of your deductible to cover repairs is inversely proportional to the size of your premium.
This covers damage for things like your car from being stolen or when it is damaged by something other than a collision with another car or object (fire, falling objects, flying rocks, explosions, hail, vandalism, etc.). Comprehensive insurance also covers you when your windshield is cracked or shattered. Some policies offer full glass coverage as an option.
Uninsured Motorist Coverage
This covers an individual being hit by an uninsured driver or is the victim of a hit-and-run accident. This coverage will reimburse you, a member of your family or a designated driver. This coverage also protects you when you are hit as a pedestrian. Used when an at-fault driver has low limits and, therefore, Does not have enough insurance to pay for the costs to repair your vehicle, or does not have enough coverage to cover all your medical expenses and your lost wages because of time missed from work.
Confused about the Affordable Care Act and how to navigate its options? Learn More.
Think you are properly covered? Find out how we can complete an insurance review among over 25 different carriers.
Can you save money for the same or better coverage? Find out today. Learn More.
Have you made sure you are properly insured? Learn More.