Auto insurance policy provides financial protection against losses that can arise from both the state mandatory coverage and additional coverages specified in the policy. Note that when you buy only the state required minimum liability insurance, it will only protect you against bodily injury and property damage to third parties, but not injuries to you or damage to your own vehicle in an accident.
Insurance coverage that are typically available to you are:
Bodily injury liability – to cover accidental injuries to third parties.
Property damage liability – to cover accidental damage to third party property.
Medical payment or personal injury protection – to cover injuries to the driver and any passenger in your vehicle. It may also pay for loss of wages as a result of injuries sustained in the accident.
Collision – to cover damage to your vehicle in an accident.
Comprehensive – to cover all other damage to your vehicle including theft, and damage from fire, hail, flood, and vandalism, .
Roadside assistance – as the name implies, it will cover roadside assistance including towing charges.
Rental reimbursement – to reimburse you for the cost of renting a vehicle when the insured vehicle has been in an accident or is in repairs after an accident.
Gap insurance – to cover the difference between the car’s cash value and what you still owe on a lease. If you lease or rent your vehicle or your vehicle is fairly new, it is advisable to buy this and additional coverage that are available to you.
Excess Policy - This is not part of the auto insurance policy. It is a separate policy, which is advisable to buy if multiple people drive your vehicle(s) on a regular basis. The excess policy pays in excess of the limits on your car insurance. It can also be excess over other policies' limits, such as your homeowners’ policy, or renters’ policy if you have them.
Note: Ensure your policy have the right coverage prior to a loss. Call us (404) 480-0272
