Purchasing car insurance can be a tricky task. Knowing what is included in your coverage is important. Ideally, you’d never like to use any of these coverage options, but it’s good to have them if you must. Here’s a list of six different additional coverages to include in your auto policy.
Personal Injury Protection
Personal Injury Protection is required in Michigan. It’s the medical portion of the policy and provides protection for you and your family for your lifetime. When obtaining insurance quotes, you need to know from your medical insurance provider, if they cover auto accidents under the medical policy. A credit can be obtained from your auto insurance carrier on that portion of the coverage.
Comprehensive Coverage provides coverage for any physical damage to your vehicle that results from anything other than a collision – such as fire, theft, or a falling tree. This is an optional coverage and usually only purchased for newer model vehicles. This coverage is also used for vehicle damage from animals such as deer and turkeys. A deductible is typically used to keep costs lowered.
Provides coverage if you are involved in an accident with another vehicle, or you run into inanimate objects, like a guard rail or a tree. This is an optional coverage and is typically purchased on newer models with a deductible to control costs. If your car is leased, you may be required to purchase collision coverage.
It’s an optional coverage that provides money if your vehicle is disabled and you need assistance. Without towing coverage, you would have to pay out of pocket for your car to be towed. Depending on how far you would need to go, it could get quite expensive. Inquire with your agent to see how to access to this service, as it can vary by insurance company.
Rental Car Coverage
This provides coverage for a rental car if your vehicle is involved in an accident and needs to be repaired. Coverage usually has a per day limitation, and pricing could depend on the type of vehicle you would be renting.
Loan Gap Coverage
Provides coverage to pay off a loan amount if the loan amount exceeds the value of the vehicle if a claim is filed. If you get in an accident and your car is worth $10,000, but you still owe $13,000, you would be covered on the additional $3,000.
All of these additional coverages will make sure that you’re covered no matter what happens. Give Johnson and Associates Insurance a call today, and talk with one of our agents will about which coverage options works best for you.