4 Types Of Auto Insurance Coverage
Auto insurance is a safety net for you and your vehicle. When you cause an accident or your car is damaged or stolen, it can protect you from financial loss. So, it’s important to know what type of coverage you need and want before purchasing auto insurance.
A liability policy, such as from an insurance services Maitland FL company, pays for the damages your vehicle causes to people and property if you are at fault for an accident. In case you are responsible for causing damages because of an accident, this coverage can provide compensation to its limit and also legal defense in a lawsuit.
If your car is damaged in a collision with another vehicle or object, such as a tree or pole, this coverage will pay for the damage. If you lease your vehicle, you may be required to purchase this coverage.
If an object falls on your vehicle, you will need a comprehensive policy that can pay for repairs or replacement to your vehicle. This coverage can include damage from storms, hail, falling trees and other objects, as well as if you hit a deer or other animal.
Uninsured/Underinsured Motorist Coverage
This coverage protects you if you’re in an accident with someone who is uninsured or underinsured. It covers the gap of compensation in case you are injured or your car is damaged and the other driver is at fault but whose insurance will not pay enough.
There are many different factors that determine the cost of auto insurance, including your driving history, the type of vehicle, and where you live. However, without proper coverage, you may end up spending a lot of money in the event of an accident. Contact a licensed insurance agent to make sure you are covered.