Know these car insurance terms when shopping for coverage.
Shopping for insurance is a fact of life for all motorists. This task can seem time-consuming and daunting, especially when you aren’t entirely sure what you’re looking for. You know you need car insurance to drive on the roads, but it’s just as important to understand your quotes. Check out a brief explanation of these common terms below to help you understand your coverage.
Bodily Injury Liability/Property Damage Liability
The two types of liability coverage offer financial protection when you cause injuries or property damage in an accident.
Personal Injury Protection
This cover pays for medical expenses and lost wages for you and your passengers that are hurt in a crash. Remember that this coverage is likely to come into play before your health insurance and will pay quickly in the event of a crash injury.
This coverage pays for damage to your car from something other than a collision, such as theft, natural disasters, or an animal-vehicle accident. For older cars that aren’t financed, full comprehensive coverage may not be worth the extra expense.
The deductible is what you’ll pay out of pocket when you file a claim. High deductibles can mean lower premiums – but high out of pocket costs.
Uninsured/Underinsured Motorist Coverage
If you are involved in an accident with someone who has no or too little insurance, your own coverage can help to pay for expenses relating to the accident.
This coverage pays for accident-related medical expenses, including health insurance deductibles, for you and your passengers, regardless of who was at fault in the crash.
Need help finding the right policy for your needs? Don’t hesitate to contact us at Kurt Rolf Insurance Agency. Serving Minnesota, Wisconsin, Florida, South Dakota, and Arizona; our dedicated team is ready to assist you with all your coverage needs.