[COLUMN] 5 Types of Auto Insurance Explained – Consumer Columnists

Car insurance policies vary in scope. The state mandates certain types of coverage that you must legally put behind the wheel. However, in some situations the mandatory minimum coverage may be far too low, e.g. For example, if you are hit and run, an accident involving an uninsured driver, or if your car is damaged by a falling tree or fire. As a driver, it’s helpful to understand the different types of auto insurance available, as you may decide to pay just a little more to get a lot more protection.

Third Party Liability: This is the coverage paid to the other party when you are responsible for a collision. This coverage comes with a limit that the insurance company will pay if it is determined that you are responsible for an accident. You can increase the liability insurance for your vehicle. Collision: This coverage replaces a damaged vehicle following an accident (regardless of who caused the collision) and is required for drivers with financed or leased vehicles. Comprehensive: This type of coverage pays for damage to a vehicle caused by incidents other than collisions, such as: a tree falling on a vehicle, vandalism, theft, fire, etc. Uninsured/Underinsured: An appalling number of drivers operate vehicles without current auto insurance. If you’re in the wrong place at the wrong time and collide with a driver like this, you want to make sure you have that cover. She pays for vehicle damage and medical care. An underinsured driver may only have the state-mandated minimum that doesn’t cover your actual medical bills – this insurance could save the day. Rental Refund: Your car insurance may pay for a rental car for you if your vehicle is damaged in an accident. It is important to know that in this situation you have transport.

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Car Insurance – What’s Right For You?

You can be a very safe driver. However, even the most cautious driver can get into trouble when sharing the road with a driver who is drunk, drugged, speeding, distracted, or reckless. As much as we hope to avoid car accidents, they can happen throughout life. A collision can range from minor fender flares to a serious crash. In addition, incidents of theft, vandalism, or weather-related damage are fairly common.

Protect your vehicle and your family

Why not make sure your investment in your vehicle is protected? Get advice from an insurance agent when choosing the best car insurance. You may be surprised that adding additional coverages, such as B. uninsured/underinsured driver protection or collision damage waiver that increases premiums but adds a layer of protection in case the unexpected happens. If you have a teenage driver, don’t skimp on auto insurance. Even well-trained young drivers lack the extensive experience that makes a good driver. Statistically, they are more likely to be involved in a collision.

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The opinions, beliefs and viewpoints expressed by the author do not necessarily reflect the opinions, beliefs and viewpoints of Asian Journal, its management, editorial staff and employees.

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Melody Avecilla is an insurance expert. Your one stop shop agency has been a go-to insurance destination for over a decade. She holds a Masters in Business Administration from Loyola Marymount and received her CLU (Chartered Life Underwriter) designation from American College. Your team has been voted best in the industry for years running. Fun fact about her. She holds several patents for the world’s first retractable high heels. In between work, she hosts a global leadership podcast called Dreamers to Leaders. She takes a hyper-focused approach to improving the customer experience while running her businesses. Insurance companies are their model companies.

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