With that in mind, applying for auto insurance is the best solution to free you of financial worries in such situations. There are several forms of auto insurance coverage, and choosing which is best for you can be challenging. You may consider the top five coverages below:
- Comprehensive Coverage
Comprehensive coverage can support in covering damage to your vehicle caused by theft, fire, hail, or vandalism. It is also ideal if it falls within your budget. Anti-theft and monitoring systems can significantly reduce the cost of this coverage, but having this type of insurance can be costly and unneeded, especially if your car is easily replaced. Also, this coverage might be required if you have a lienholder.
- Uninsured/Underinsured Coverage
Underinsured driver coverage might cover you if you are affected in a crash and the accountable driver has no insurance. Uninsured motorist coverage is intended to protect you if you are involved in an incident with a driver who doesn't have any insurance at all.
- Collision Coverage
While property damage liability insurance covers damage to another person's car or property due to an accident, collision coverage covers damage to your vehicle or property. Collision coverage might include the damages posed by a crash with another vehicle or hitting a stationary object.
- Liability Coverage
Liability insurance is a section of a car insurance policy that can provide financial safeguards for drivers who harm someone or their property while driving. Liability insurance only protects third-party injuries or destruction to the property, not the driver's or its property, which may be protected separately by some parts of their policy.
- Personal Injury Protection
Personal Injury Protection (PIP) can pay for medical expenditures incurred by you and your passengers due to an accident. And this includes medical bills and injury-related costs such as missed income, burial costs, and childcare help. PIP insurance coverage can vary by state, does not rely on who is at blame, and has a low deductible.
It is worth investing in auto insurance since it can protect you from financial obligations like car repair costs and medical bills in the event of an accident. Understanding the fundamental types of vehicle insurance coverages is helpful whether you've purchased car insurance. Also, the auto insurance policy offers many types of coverage, so it is essential to understand each.
At Cornerstone Insurance Agency, we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (770) 413-0807 or Click Here to request a free quote. Topics and coverage discussed in this article are not guaranteed, consult with your agents to determine what your policy does and does not cover. We are more than happy to help!