Car insurance is required for anybody driving a vehicle on public roads. It’s essential to have an adequate amount of coverage for your needs. The most common car insurance claim in the past has been to repair a windshield. According to Forbes, most car insurance claims are for cracked or broken windshields and auto glass, accounting for about 30% of all claims. Having that specific damage repaired depends on the kind of auto insurance you have. Keep reading to learn about the importance of basic auto coverage.
Types of Car Insurance
The most basic kind of auto insurance is liability coverage. It refers to the bare minimum of insurance coverage needed to legally operate a car in your state. Motorists are now opting for full coverage car insurance because it offers both comprehensive and collision insurance. Full coverage tends to offer more value than basic coverage. This coverage includes aid in managing the expense of repairing damage caused by calamities like fire, flooding, theft, vandalism, and collisions that were not your fault.
Liability Coverage
In order to legally drive your car, you need liability coverage as a bare minimum. Liability coverage refers to protection for bodily injury and property damage. If you injure another party or damage their vehicle, this coverage will pay for those costs. It should be noted that this coverage kicks in if you are deemed to be at fault for the accident.
Comprehensive Insurance
This type of coverage adds protection for events not related to collisions. Some examples of incidents that comprehensive insurance covers are a tree limb falling on your car, a pebble shattering the window, hitting a deer, a hailstorm cracking your windshield, or your car being damaged during a riot. These instances are mostly called “acts of God” and are covered by comprehensive insurance.
Collision Insurance
This type of coverage is the opposite of comprehensive insurance. It covers losses and damage to your car resulting from a collision. For example, if you hit a pole or another car from behind, your vehicle’s damage is covered. Also, some insurance companies provide full glass coverage with insurance, which can only be used for glass repair and replacement. There’s no deductible attached to such claims.
It’s advisable to choose a car insurance package that covers all potential damage. Having your assets properly insured is crucial for your financial wellbeing. Do you need car insurance for your automobile? Give Tom Rich Insurance a call today!
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