Auto insurance is what is on everyone’s mind today. The State of New York makes us have it. Loans and lease company’s require collision and comprehensive coverage on top of just liability. And in most cases buying a car is a large investment and we need to make sure that it you will be made whole in the event of an unfortunate accident.
Review the auto insurance coverages summarized below. Each coverage explained below provides you with important liability, property and injury protections. For instance, Property Damage Liability pays for damages you are legally obligated to pay because of damage you cause to the property of others. Sound System Coverage is an optional coverage that you may select if you want coverage for an expensive sound system.
Protect Yourself and Others with Liability Coverages
Bodily Injury Liability Coverage
If you’re responsible for injuring someone in an accident, you may be liable for, among other things, the costs of their medical treatment, lost wages, and pain and suffering. Bodily Injury Liability Coverage provides protection for bodily injury damages you’re legally obligated to pay because of injuries you cause to others in a covered accident.
Property Damage Liability Coverage
When accidents happen, insurance does more than protect your automobile—it also protects your assets and provides you with financial protection from lawsuits. Property Damage Liability Coverage provides protection for damages you´re legally obligated to pay because of damage you cause to the property of others in a covered accident.
Uninsured Motorist Bodily Injury Coverage
If you’re injured in an automobile accident by a negligent uninsured driver, would you want some help meeting your medical expenses and financial obligations? Uninsured Motorist Bodily Injury Coverage provides protection if you or your family are injured in a covered accident caused by a negligent uninsured driver. Ask me how this coverage helps you!!!
Personal Injury Protection Coverage
As health care costs continue to rise, you should consider your ability to pay for medical expenses out of your pocket. Personal Injury Protection (PIP) Coverage, also known as No-Fault Coverage, provides protection for reasonable and necessary medical expenses, and may include a variety of other services if you or your family are injured in a covered accident. Where applicable, PIP may include additional coverages such as: medical or rehabilitation expenses, loss of earnings, essential services, death compensation, and funeral expenses. In some states, PIP is clustered into PIP Plans to provide you with the most value for your money.
Medical Payments Coverage
If you’re injured in an accident, could you afford to pay the medical expenses? Medical Payments Coverage provides payment for the reasonable and necessary medical treatments you or your family incur as a result of a covered accident.
Protect Your Automobile with Property Coverages
Your vehicle is an asset that you want to protect, maintain and repair if there are any damages. Collision Coverage pays for damages to your automobile resulting from a covered accident with another car, or a covered collision with most anything else (such as a tree).
Accidents happen—and they’re not always the result of a collision with another vehicle. Comprehensive Coverage pays for damage to your vehicle that is not caused by collision, which may include, among other things, protection for damage caused by fire, hail, theft and vandalism, falling objects, explosion, and earthquake. Comp coverage often includes additional auto glass coverage. Make sure you ask about it.
Additional Optional Coverages to Protect Your Assets
Rental Reimbursement Coverage
If your car is being serviced or repaired due to a covered loss, you don’t have to be without transportation. Rental Reimbursement Coverage reimburses you for the cost of renting a car from a rental agency or garage—up to your coverage limits.
Towing and Labor Costs Coverage
Are you reliant on transportation to complete your daily activities? Towing and Labor Costs Coverage reimburses you (up to the applicable limit) for your necessary towing charges should your car become disabled.
Other Optional Coverages
- Automobile Death Indemnity Insurance
- Sound System Coverage
- Tape Coverage (includes CDs)