Auto liability insurance coverage is required in most every state. Legally, you have to have it, but do you understand what it is and how it works? Here at Integra Insurance Services in Huntington, TX want to help you understand just what insurance does for you.
There are many insured motorists that pay their premiums because they have to but many are unsure of what exactly they are paying for. While auto insurance coverage varies, there are some basics that are involved in nearly all policies. However, the amount of coverage also varies according to the policy you choose.
Basics of Auto Insurance
When shopping for auto insurance, you will likely hear of these six different kinds of coverage:
Typically, collision coverage covers damage to your vehicle that is caused by a collision with another vehicle and things such as potholes whether you are at fault or not. If someone else causes the collision, your insurer will generally reimburse you for the damage caused, then try to recover that amount from the at-fault party’s insurer.
2. Uninsured and Underinsured Motorist
Sadly, not everyone covers insurance. Even worse, not everyone sticks around at the scene of a collision. Uninsured and underinsured motorist coverage is an insurance option you have to protect you during this time.
3. Medical Payments or Personal Injury Protection (PIP)
If people in the policyholder’s car are injured, this coverage should take care of the medical payments. It will also likely take care of lost wages and funeral costs associated with the collision, though you should always double-check with your agent on this.
4. Bodily Injury
Bodily injury is intended to cover injuries sustained by parties outside of the policyholder’s vehicle. There are usually state minimums, but many motorists opt for a higher amount of coverage in case of serious injury.
5. Property Damage
Similar to bodily injury coverage, property damage covers the damage done to other people’s property. In addition to vehicles, it may also cover damage to structures, lampposts, fences, telephone poles, and more.
Comprehensive coverage is typically not a requirement, but it is popular. It is intended to cover events such as fire, vandalism, contact with animals such as deer, storm damage, and more.
If you are in the Huntington, TX area, Integra Insurance Services wants to make sure you get the coverage you need. Stop by or give us a call to get you covered today!