Auto Insurance Terms – Part 2
Recently, we discussed the importance of understanding four basic auto insurance coverages; liability including bodily injury and property damage, and comprehensive and collision coverage. Almost all states require liability coverage for auto insurance.
In Part 2, we will explain additional coverages you can add to your auto insurance policy. Not only will this give you more coverage in the event you have a claim, but it could only be a small increase in price to have potentially thousands of dollars in coverage in the event you have to file an insurance claim. Let’s discuss what could be considered full coverage auto insurance.
Full coverage auto insurance typically means you have liability coverage (bodily and property damage), collision coverage, comprehensive coverage plus additional coverages such as PIP and uninsured motorist coverage.
Uninsured/underinsured motorist coverage: This coverage can be broken out into four parts; uninsured motorist bodily injury, uninsured motorist property damage, underinsured motorist bodily injury, and underinsured motorist property damage. Uninsured/underinsured motorist coverage can pay for damage up to your policy limits in the event you get into an accident and the other driver has little to no auto insurance coverage.
This policy can provide you with coverage if you experience a hit-and-run too.
Personal injury protection (PIP) or medical payments is another form of coverage many individuals invest in when it comes to purchasing an auto insurance policy. PIP can help pay towards medical bills for you or your passengers after getting into a car accident. It can also pay towards medical supplies, care, lost wages, prescriptions, or other services you may need. Every insurance carrier and state is different so it is best to talk to your insurance agent about the details of this coverage for your policy.
More coverages to consider for your auto insurance policy:
Roadside assistance: If your vehicle breaks down, this coverage can provide you with several services such as towing services, flat tire changes, fuel delivery (not including the cost of the fuel), lock-out service, and more. Talk to your agent about the details of your policy as each insurance carrier may be slightly different in how they can offer roadside assistance.
Custom parts and equipment: does your vehicle have custom parts or equipment? This could be an upgraded stereo, custom wheels, navigation system, custom paint, and more. If your vehicle is damaged in an accident, this coverage can pay up to your policy limits to repair or replace it.
Windshield repairs: Are you prone to glass chips in your windshield?
Ask your agent if you have an option for a “no deductible” glass replacement. This can be an inexpensive coverage that can save you from having to pay your typical comprehensive insurance deductible.
If you are interested in purchasing full coverage car insurance, call our agency. We can shop with our top insurance carriers to help you find the best policy for your needs. Once we have determined your insurance carrier and policy, we can explain and then look at extra coverage options for your auto insurance.
A Accelerated Auto Insurance was founded in 1992 by a group of independent insurance agents. Their vision was to provide affordable auto insurance rates to all customers regardless of driving record or credit history. This vision allowed them to quickly build a large, loyal customer base. In 2006 Jared Fuller began his career with Accelerated Insurance as a customer service representative. Over the next 10 years Accelerated expanded its reach to offer home and business insurance in addition to auto. In 2015 Jared’s wife, Cristy Fuller, also started working for the company. During the year 2016, they became the sole owners of Accelerated Insurance. Advances in technology allow Jared, Cristy, and a small staff to continue to grow while still providing excellent service to their existing policy holders. They continue to maintain the same vision of savings and service for Northeast Louisiana.
