As responsible drivers we all know that auto insurance is essential. If you’re involved in a major road accident you’ll be glad that you have a car insurance policy to help you out with paying for car repairs, medical expenses or damage to personal property. Even if it’s only a small incident, the right auto insurance Burlington policy can be invaluable. There are lots of different policy and coverage options to choose from when buying car insurance, so we’ve compiled some useful information on what you need to know about auto insurance and your policy.
Part of being a responsible driver is ensuring you have adequate auto insurance to cover you, your passengers and other drivers on the road in the event of an accident.
There are a variety of car insurance policies and levels of coverage to choose from. Here are some of the most common types of auto insurance policies to help you pick the best auto insurance policy possible:
Types of Car Insurance Coverage
This is the most basic form of auto insurance policy offered by many car insurers. It means that if you are involved in an accident and it is proven to be your fault (liability) then your insurance provider will pay out a sum of money to the other person involved in the accident (third party) to cover bodily harm or property damage.
Make sure you check the fine print of your policy to ensure numerous possible scenarios are covered. There’s no point in purchasing comprehensive coverage at a higher cost than liability insurance if all it covers is some vandalism or a cracked windshield. Comprehensive should mean comprehensive.
Liability coverage – covers property damage and injuries to others caused by your car when an accident was your fault.
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.
Your insurer should payout whether the accident is your fault, or somebody else’s.
Personal Injury Protection – protects you in case of injury to your person during an accident.
- Medical, Personal Injury Protection and No Fault Cover
- Broken or cracked windows or windshield
Rental reimbursement – pays for a rental car if your vehicle is off the road.
This might be offered as a policy extra that protects you in case of a collision or accident involving an under-insured or uninsured driver. Your insurance company will pay out a sum of money to cover damages and will attempt to recuperate their losses from the at-fault party through other means.
- Rental Reimbursement, Towing and Labor
How Much Should You Pay?
There’s a lot to consider when choosing the right car insurance coverage. However, if you drive considerable distances for work every day and often travel with passengers in your car, perhaps it’s best to go with the top level of comprehensive insurance coverage.
If you plan on having a full comprehensive car insurance policy that covers you for almost any eventuality, then comprehensive coverage is important for instances when damage is caused to your vehicle by other people, animals, weather or freak accidents.