Don’t be a Wreck After Your Wreck: Know Your Policy
Knowing what type of policy you have and getting the correct policy is important for motorists. Accidents happen to even the best drivers and are unpredictable so before you get on the road next, make sure your policy fits your possible needs.
First of all, you must make sure what your state requirements for auto insurance coverage is. You will need personal injury protection if you live in the fifteen states that require is and you will also need liability which is paying for damaged property, vehicles, and personal injuries that result from a car accident in the forty seven states that require it. It is always important to double check or else you could be fined, sued, or left with extensive hospital bills.
Collision insurance will cover the repairs needed when somebody hits your vehicle and you will want to have this. If you do not have the money to replace your car outright, you will be left without a vehicle if you get in an accident without this type of coverage. You will also want to have rental reimbursement on your plan to make sure that if your car is in the shop, you get a free rental car.
Depending on how much money you have saved for an accident, you will also have to consider what type of deductible you have. A deductible is the amount of car repairs you will have to pay for after any damages resulting in an accident. A policy with a high deductible will end up saving you a lot of money but if you do not have the money saved to pay that deductible remember that you could have an accident tomorrow. Paying for a lower deductible until you have the funds to change your policy is the best idea for those who have no savings in case of an emergency so that you don’t have to worry about being stuck without transportation.
If you live in a location with hurricanes, tornadoes, mud slides, or high crime, you should also consider getting comprehensive coverage. This will cover many terrible accidents caused by nature, vandalism, and theft. Floods, fallen tree branches, and fires occur more often than you think and would be a smart thing to cover if you live in an area prone to these types of things.
You can get hit by somebody without insurance. Many people do this and you will have a hard time receiving payment from resulting medical bills if somebody driving without insurance hits you because this usually happens when they do not have the money for insurance. Uninsured Motorist coverage will help you keep a piece of mind no matter who hits you.
Medical Coverage and PIP are important if you want to have your medical expenses covered in an accident. Your rates will be much higher for this type of coverage but they do pay medical expenses no matter who was at fault. Remember that even collisions at low speeds can cause serious injuries.
Having the right insurance coverage will make you feel safer on the road. In addition to your regular insurance try using a service for free roadside assistance as well. This is help you know that you are going to be alright in the event of an accident with any driver.
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