Is the thought of selecting an auto insurance policy enough to make your eyes glaze over?
Don’t feel bad — understanding the different policy types, coverage amounts and potential additions can be a challenge, even for a pro.
But if you’re in an accident, having the right policy can mean the difference between a minor inconvenience and real financial troubles. So it’s important to understand the basics.
If you’re determined at fault for an accident:
If you’re not at fault for the accident:
These policies aren’t required and may not be worthwhile for older vehicles close in value to policy deductibles. (Some leaseholders and lenders may require collision insurance.)
“Personal injury” helps cover the costs of medical expenses if you (or your passengers) are injured in the accident. Some policies also cover associated expenses, such as lost wages and funeral costs. This coverage is required in no-fault states.
What Isn’t Covered
Auto insurance doesn’t typically cover:
Remember, coverage requirements and minimums can vary, so do your research and always consult with a trusted provider.
Do you need work done on your vehicle? Reach out today.