Kinds of Coverage Your Coverage Can Include
The type and amount of car insurance coverage you end up deciding on needs to meet both your individual needs as well as the laws of your state. There are several principal kinds of coverage that your policy will typically include. One kind of coverage is Liability For Bodily Injury. Every state has different minimum coverage laws for bodily injuries, and some are as low as $10,000 per person or $20,000 per accident, while most auto policies cap it at a maximum of $300,000 to $500,000 per accident when it comes to Liability. You should remember that if someone is injured due to your driving, you could be sued for large sums of money, which means that the amount of Liability coverage you purchase needs to be high enough to shield your assets if such an accident occurs. The more assets you hold, the more you could possibly lose in a court case, especially with punitive damages, so you should keep in mind how much money you stand to lose when it comes to Liability insurance.
Personal Injury Coverage For Every Budget
Comprehensive insurance coverage should be kept in mind, as this is the insurance that will protect your vehicle in cases that an accident did not occur. If your car is damaged but no collision has occurred, such as in the case of fire, theft, or vandalism, Comprehensive coverage will compensate you. This type of coverage is usually sold as a package deal with Collision coverage as Physical Damage Coverage. We at Trueway Insurance offer affordable insurance for a range of budgets so that you are able to choose the type of coverage you want and evaluate the amount that you think you need. Remember- as noted above, the higher the amount of assets you own, the more you stand to lose, so you should keep in mind the amount that you will need for your specific situation. Several states such as Florida makes Personal Injury Protection, or “No-fault” coverage mandatory. This coverage will compensate any medical costs and those of your passengers who were injured in the case of an accident, no matter if you were responsible for the accident or not. There are many different limits depending on state, and you should know if the state you currently drive in requires this type of insurance.
Contact Us Today
It’s essential to inform yourself about the kind of personal injury coverage your specific situation requires in order to make the best choices and not overpay for auto insurance. Trueway Insurance in Palm Springs offers affordable insurance choices for every kind of budget. Call us today to schedule an initial consultation!