4 Types of Car Insurance Coverage You Don’t Want to Skip
Here are just four types of car insurance coverage that you do not want to skip :
Motorist Insurance Coverage
If you are in an accident that is your fault , should your medical bills and property damage insurance to be covered by the other driver . But what happens if the other driver does not have insurance ? Or not enough insurance to cover your damages ? Your insurance may offer you some protection, depending on the situation , but in most cases it will not .
Provides uninsured motorist coverage and underinsured protect you if you are in an accident with a driver who conduct insurance or they do enough insurance to cover your damages .
MedPay is important coverage pays for the cost of your medical bills incurred from an accident , up to the coverage limits . Minimum insurance coverage often does not include medical coverage for you , the driver . While it is possible for you own health insurance coverage , you can still have high deductibles or co - pay . If the other driver 's insurance to cover your bills , it could take months before your claim is processed and your bills .
MedPay covers your medical bills immediately and completely up to your coverage limits , relieving you of the financial burden . It also covers you no matter where you are in your own car or another car , or even if you are on public transport .
Comprehensive Car Insurance
You can be covered if you are in an accident , but what happens if a tree falls on your car during a hurricane ? Or if your car is stolen ? Or vandal breaks the window to steal your wallet ? Basic automobile insurance does not cover damages in these cases .
Comprehensive car insurance will cover damages to natural disaster , theft or vandalism .
It is an important protection for those unexpected situations that may leave you with thousands of dollars in damage .
If your car is a total , your insurance can cover the replacement value of your car . However, if you are financing your car , the replacement value may not be the value that you owe on your loan remains the same . Your car may be valued at $ 2,000 , but you still owe $ 4,000 on the loan . That would put you on the line for the remaining $ 2,000 .
Coverage can be provided compensation for the difference GAP .
If you are still financing your car , GAP insurance coverage is important to have . You do not want to have to be on the hook for thousands of dollars that you are probably not .
When you are shopping for car insurance , not to focus on getting the lowest monthly premium by cutting your insurance coverage to the minimum requirements .
You will be short - and a change could be costing you thousands of dollars in the future if you are in an accident and damages are not covered in your basic policy .
These are just four types of car insurance coverage you should consider getting , but you can find other people that also need your needs .
Kelly is a seasoned writer Opferman at a site focuses on car payment calculator . Educational background includes finance , teaching , and economics .
source : http://specialistautoinsurance.com/guest-post/4-types-car-insurance-coverage-skip/