Insuring your auto offers a piece of security that if something should happen, it won’t leave you in the dust with mountains of unpaid bills, no car or even a responsibility to pay for a car that you can’t drive anymore. There are several types on insurance available for your car to help with many needs.
Full Cover Insurance– This is a term that most insured drivers believe to be an actual term. In actually, you can get your car insured to the hilt by combing several of the options listed below. Each option added increases the price of the policy.
Liability– Typically, this is the bare bones of an insurance policy. The terms vary by state laws, but should you have an accident, there is no coverage to replace your car. You may purchase an add-on to help with medical insurance.
Comprehensive – Protects your car against damage that is not related to an auto accident: Covers accidents such as vandalism, fire, theft, mother of nature, animal accidents, falling items and others depending on your state. Most lien holders require this coverage.
Collision– Comes in handy should you strike an object, another car. Collision carries a deductible due should you use the coverage. Deductibles range from zero to a thousand. The higher the deductible the less the cost of the insurance. With most insurance companies, you must have comprehensive coverage in order to add collision.
Glass– Covers the replacement of the glass due to breakage cracks etc. A very handy and small cost for the benefits offered. If you do not have glass coverage in conjunction with other insurances, the glass will not be replaced.
Medical– Offers coverage to health related issues caused by the covered accident. Typical health insurance will not cover accident related issues until after all insurance payments are completed. There are various levels of coverage that will assist but the coverage is limited and may not cover extensive injuries. This coverage may help any others involved in the accident.
It is very easy to decide to drop coverage in an attempt to make a policy more affordable. When doing so you may want to speak with your agent. Some questions you need to ask of yourself is if there was an accident would you be able to afford to fix or replace your car. There are various forms and levels that you need to be aware of. When deciding what level of coverage you need, always take into consideration what your personal assets such as your home is valued at. You may want to look closely at your limits such as 100/300 and such. Never take this numbers for granted or not look into what they mean. It can cost you your home.