VIEWS: 15 PAGES: 3 CATEGORY: Auto & Home Loans POSTED ON: 2/8/2012
Auto insurance is required in almost every state in the United States to provide protection while out on the road. A simple liability auto insurance policy is all that is required, however the amount of coverage varies by state.
Required Vehicle Protection Auto insurance is required in almost every state in the United States to provide protection while out on the road. A simple liability auto insurance policy is all that is required, however the amount of coverage varies by state. However, for drivers with more expensive vehicles, the minimum coverage may not be enough. Liability auto insurance is the basic type of coverage available for drivers. This type of auto insurance is typically broken down into split limits of bodily injury and property damage. An alternative to split limits is a combined limit where all damages would be paid up to that limit, instead of the different values in split limits. In addition, liability auto insurance many times extends to rental cars, negating the need to pay for more insurance through the rental car company. An upgrade to liability auto insurance is two separate types of auto insurance: collision and comprehensive coverage. Collision coverage provides financial protection for damage caused by a collision in the vehicle. Collision auto insurance is usually required if a vehicle has a loan taken out on it until the loan is paid off. Comprehensive auto insurance covers any damage not related to a collision. Fire, theft, weather, and animal/vehicle accidents are all covered under comprehensive auto insurance. In addition, any extreme events (“Acts of God”) are also covered, including tornado, flood, and hail damage. As more and more drivers try to save costs by cutting insurance coverage, uninsured and underinsured motorist auto insurance is becoming more and more popular. This type of auto insurance covers costs that the at-fault party cannot cover. It is estimated almost 1 out of every 4 drivers do not carry state required minimum auto insurance coverage. Many times, the minimum auto insurance coverage is not enough to cover damage to a vehicle or medical costs, making uninsured and underinsured motorist auto insurance even more attractive. Sometimes, uninsured and underinsured motorist auto insurance is covered in an umbrella insurance policy instead of an auto insurance policy. There are other types of auto insurance that can be added onto the main policy. Loss of use auto insurance reimburses the policy holder for rental expenses while their primary insured vehicle is being repaired due to a covered loss. Towing auto insurance provides coverage for non-accident related tows, such as flat tires, mechanical breakdowns, and gas outages. Personal property in a vehicle is typically not covered in an auto insurance policy if it is not attached to the vehicle. Some insurance agencies offer personal property auto insurance that protects devices intended for automobile use, such as GPS devices and travel DVD players. Finding the best auto insurance can take a lot of searching, most insurance agencies offer many forms of auto insurance. Deciding how much coverage and what is covered can be difficult with the many different types of auto insurance available. By contacting an independent insurance agency, you can let someone else do much of the work for you. Independent insurance agencies partner with many insurance providers and can shop around, finding the best auto insurance policy for you. About Board Walk Insurance: Boardwalk Insurance Group is licensed to write auto insurance policies in over half the United States and has many other insurance solutions available through its affiliated insurance providers. For More Details visit http://www.boardwalkinsurance.com
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