Insuring your car will protect you from financial loss if you are ever involved in an auto accident. An auto insurance policy is essentially an agreement between yourself and your insurer that provides you with property, liability and medical coverage. An auto policy may provide any of the following protections:
- Bodily Injury Liability
Bodily injury liability covers the designated driver or policy holder if they injure others. If you have family members listed on your policy, they are also covered if driving another person’s vehicle with their permission. Buying the right amount of coverage is essential to protect your assets (home, car, boat, savings etc.) if you are involved in an accident. Please talk to one of our agents to help determine the right amount of coverage for you and your family.
- Medical Payments
Medical payments (or personal injury protection plans) pay for the care of injuries to the driver and passengers of the policyholder’s car in the event of an accident. Depending on the amount of coverage you choose, medical payments coverage can cover medical costs, lost wages, and possible funeral costs.
- Property Damage Liability
Property damage liability coverage covers the damage you, or someone driving your car with your permission, does to another person’s property. Usually, this includes damage to lamp posts, telephone poles, buildings, fences, or other structures you may hit.
Collision coverage covers damage that to your car that results from a collision with another vehicle or object. You can choose a relatively low deductable or a high one- but keep in mind that a higher deductable will result in a lower premium.
If your car is stolen or is damaged by something other than a collision with another car or object (i.e. fire, falling objects, explosions, hail, vandalism, etc.). Comprehensive insurance will also reimburse you if your windshield is cracked or shattered. Some companies offer glass coverage with or without a deductible.
- Uninsured and Underinsured Motorist Coverage
If you are hit by an uninsured driver, or are the victim of a hit and run accident, this type of coverage will reimburse you, a member of your family, or a designated driver. Underinsured motorist coverage is used when an at-fault driver does not have enough insurance to pay for the costs to repair your vehicle. This coverage can also come into play if you are hit as a pedestrian.
Steve Hom Insurance can help you find the coverage that fits your driving needs. We are sensitive to all of you’re auto insurance issues and will compare policies and rates to find what’s right for you!