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Protect your Automobiles
Automobile insurance is the general term for coverage on personal cars, trucks, motorcycles, vans, etc. Most states require a vehicle, and its driver have auto insurance, at the very least, a minimum of liability coverage. When choosing your auto insurance, you need to know what’s available to you and what is covered.
Liability car insurance covers the costs associated with an accident that is determined to be your fault, meaning you are held liable for the damages. This insurance will cover both the property damage of the other vehicle and medical costs of an injured party. You would be responsible for your own financial loss. Liability policies may also cover legal defense if you find a lawsuit is brought against you. The minimum amount of liability insurance required varies by state, but you should know that the minimum may not be enough to cover the costs of an accident. You would then be held financially responsible for the remainder.
A second option is to have comprehensive auto insurance. Comprehensive coverage protects your vehicle against many types of damage with the exception of collision. Comprehensive insurance covers damages due to theft, broken windshields or other windows, animal, falling objects, and natural disasters such as wind and ice storms, fire, flood, tornado, etc. If you live where severe weather is prevalent, this is a policy you want to have.
Collision coverage works much the same as liability, with the difference that this insurance will pay for damages no matter who is at fault for the accident. Collision also protects you from an accident with an object such as a tree or telephone pole, and for the flipping or rolling of a vehicle. The monetary amount and specifics that are covered by this insurance is determined by your policy.
Uninsured Motorist Coverage
While the majority of states require auto insurance, not everyone keeps their policies up to date. If you happen to be in an accident with a motorist who does not have insurance, this insurance will cover the damages to yourself or your vehicle. It also protects you from a hit-and-run accident.
Other add-ons can include medical benefits to pay for an accident with a pedestrian or additional costs not covered by the primary policy. No matter which insurance type you choose, make sure you have a policy that will cover the costs should an accident occur. You can be sued to cover finances that the insurance company does not pay, which could total thousands of dollars. Avoid financial hardship by protecting your vehicle, your family, and yourself.
To help you determine your insurance needs, you need Landmark Risk Management and Insurance. We know the ins and outs of auto insurance and will work with you to assess what you need without pushing over-coverage at you.
Contact us with any questions, to get quotes or explanations, or to just say hello! We can’t wait to hear from you.