When you're looking to buy auto insurance in Burlington, the different varieties of insurance available can be rather confusing. So much insurance jargon gets thrown around that it's difficult to know if you're getting the right deal or not.
Learning a little bit about car insurance and the different types of coverage will allow you to make the best auto insurance decisions possible. One of the most commonly purchased auto insurance policies is comprehensive cover.
Your car was a big financial commitment for you. If you were involved in an accident and you didn't have insurance, do you have enough spare cash to buy another car outright, for medical bills, for legal bills, and for reimbursing a third party? The cost of a collision can soar into the hundreds of thousands of dollars. An auto insurance policy is far cheaper overall than paying for these costs yourself, and depending on the type of policy and coverage you purchase, can protect you financially, legally and medically in case of an accident.
What is Comprehensive Coverage?
There are a variety of car insurance coverage levels, and legal insurance requirements depend on the state you live in. Below are some of the types of car insurance coverage most commonly sold in the US:
Collision coverage - covers you and your car in an accident.
What is Covered?
Full coverage can include comprehensive car insurance cover and collision cover which offers you, your passengers, and your car protection in case you are involved in a road accident.
- Damage sustained to your vehicle during storms or natural disasters like tornadoes, hurricanes, and earthquakes
- Damage caused by fire
- Medical, Personal Injury Protection and No Fault Cover
This type of insurance will cover medical expenses and personal injury costs of you and your passengers if you're involved in a collision regardless of who is at fault.
Rental reimbursement - pays for a rental car if your vehicle is off the road.
- Damage sustained to your car via falling objects e.g. tree limbs, roof tiles.
Choosing the Best Comprehensive Coverage
How Much Should You Pay?
When considering your deductible, remember that the top amount comprehensive car insurance coverage pays out in the event of a serious accident or damage is the total, current cash value of your car. Therefore, if your vehicle's cash value is a similar amount to your insurance deductible (your car may be old or worn out), comprehensive coverage might not be the best auto insurance policy for you.
Your auto insurance policy protects you in case of an accident, but it is entirely up to you which level of coverage you want to purchase above and beyond what is legally required in your state. Consider how often you use your car and what you use it for. Don't choose the cheapest and most basic option to cut costs; think about what would happen and how your life would change if you were involved in a serious accident and you didn't have the best auto insurance policy possible for you.
Learning a little bit about car insurance and the different types of coverage will allow you to make the best auto insurance decisions possible. One of the most commonly purchased auto insurance policies is comprehensive cover.
Your car was a big financial commitment for you. If you were involved in an accident and you didn't have insurance, do you have enough spare cash to buy another car outright, for medical bills, for legal bills, and for reimbursing a third party? The cost of a collision can soar into the hundreds of thousands of dollars. An auto insurance policy is far cheaper overall than paying for these costs yourself, and depending on the type of policy and coverage you purchase, can protect you financially, legally and medically in case of an accident.
What is Comprehensive Coverage?
There are a variety of car insurance coverage levels, and legal insurance requirements depend on the state you live in. Below are some of the types of car insurance coverage most commonly sold in the US:
Collision coverage - covers you and your car in an accident.
What is Covered?
Full coverage can include comprehensive car insurance cover and collision cover which offers you, your passengers, and your car protection in case you are involved in a road accident.
- Damage sustained to your vehicle during storms or natural disasters like tornadoes, hurricanes, and earthquakes
- Damage caused by fire
- Medical, Personal Injury Protection and No Fault Cover
This type of insurance will cover medical expenses and personal injury costs of you and your passengers if you're involved in a collision regardless of who is at fault.
Rental reimbursement - pays for a rental car if your vehicle is off the road.
- Damage sustained to your car via falling objects e.g. tree limbs, roof tiles.
Choosing the Best Comprehensive Coverage
How Much Should You Pay?
When considering your deductible, remember that the top amount comprehensive car insurance coverage pays out in the event of a serious accident or damage is the total, current cash value of your car. Therefore, if your vehicle's cash value is a similar amount to your insurance deductible (your car may be old or worn out), comprehensive coverage might not be the best auto insurance policy for you.
Your auto insurance policy protects you in case of an accident, but it is entirely up to you which level of coverage you want to purchase above and beyond what is legally required in your state. Consider how often you use your car and what you use it for. Don't choose the cheapest and most basic option to cut costs; think about what would happen and how your life would change if you were involved in a serious accident and you didn't have the best auto insurance policy possible for you.
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