Determining what kind of car insurance policies you should purchase might be a stressful process. Depending on your vehicle, income, and risk aversion, there are many different coverages to choose from.
Within each form of coverage there are variations and add ons. If you are looking to find new auto insurance coverage, it’s important to know what the policies are and how they are beneficial to you.
BASIC INSURANCE POLICIES
In California, it is required by law to have liability coverage. However, the policy does not cover your medical bills so it’s important know what policies can benefit you. Liability insurance is there to financially protect you and cover the medical expenses of the injured party.
Here are some basic policies you may want to purchase:
- Comprehensive Coverage – If your vehicle was vandalized, stolen, or damaged by other causes than a collision, your insurance will help pay for the expenses. However, there may be a deductible you have to pay.
- Collision Coverage – Insures you against damages to your car caused by a traffic accident with another vehicle.
- Uninsured/Underinsured Motorist Coverage – Probably the most beneficial coverage. When the other party involved has no insurance coverage or a policy limit is too small to cover the effects of the accident, you can exhaust your own policy.
- Approximately 14.43% of drivers in California do not have car insurance.
- Med Pay – Helps cover the medical bills for injuries caused in the auto accident. It is typically easier to use than the bodily injury portion of your car insurance policy.
- Med pay can raise your premium slightly, but the convenience can make it worth the money.
- Rental Car Coverage – Even though you were not at fault for an accident, the negligent party’s insurance may not cover your rental car fees. Having rental car coverage can get you a rental while your vehicle is being repaired or during your search for a new car.
Exact policies will vary based on the company you choose. But make sure you take the time to understand what you are paying for and what you’re declining.
WHY CAR INSURANCE IS HELPFUL TO YOU
Car insurance is your safety net. Without adequate insurance you may find yourself in a financial rut with no way to pay for your medical expenses or vehicle repairs. Protecting yourself with the right insurance policies gives you the opportunity to recover from a car accident without incurring massive debt.
Being injured in an accident where you are not at fault is unfair to you. In a perfect world that person would have a good enough insurance policy to cover all your needs. But in reality, you need to prepare for those who are uninsured or carry the minimum coverage required by California law.
The first step to protecting yourself is getting the right insurance. But even with the best coverage, the aftermath of an accident can be complicated. People with great insurance are still taken advantage of.
You’ve only got one shot at your case. Speaking with an experienced personal injury attorney can help give you the knowledge to make the right decisions.
For free advice after any accident, call Bergener Mirejovsky at 1-800-881-2021 or fill out our contact form.
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