Personal auto or car insurance is a policy that all vehicle owners must carry as required by state law. The policy will typically cover liability to third parties (bodily injury & property damage) and physical damage coverage for your own vehicle. Each state has different minimum liability limit requirements that all drivers must meet to be considered legal. Although state minimum limits can keep you legal on the road, it is often recommended that individuals and families carry higher limits to better protect themselves and their assets in the event of serious at fault accidents.
A typical policy will have the following coverage options available:
This pays for injuries or property damage you cause to third parties in at fault auto accident. Policies can be written with split limits or combined single limits.
This is a first party injury coverage for you and any passengers riding in your car in the event of an accident, regardless of fault. This coverage is designed to pay for minor to less serious injuries and often serves as a buffer to any health insurance deductible.
Uninsured/Underinsured Motorists Liability
This coverage is designed to protect you as the driver and any passengers from serious injuries caused by an uninsured or underinsured third party driver. These limits typically match your chosen liability limits and have the option of extending onto an umbrella policy as well.
This is a first party, physical damage coverage to your vehicle involved in a wreck. This will pay the cost to repair your vehicle after a deductible. Coverage for a total loss usually applies on an actual cash value basis (value of the car) determined at the time of the loss.
This is a first party, physical damage coverage for your vehicle involved in a loss other than a wreck. Examples include fire, flood, theft, vandalism, and animal hits. This will pay the cost to repair your vehicle after a deductible. Coverage for a total loss usually applies on an actual cash value basis (value of the car) determined at the time of the loss
Many companies offer additional coverage options to enhance the policy at various premiums. This can include things like towing & roadside assistance, rental reimbursement, original equipment manufacturer (OEM) parts, accident forgiveness, 1-year replacement for newer vehicles, and vanishing deductibles.
Stolly Insurance Group is an independent agency that can offer comparative quotes with many different excellent rated insurance carriers that offer these products. Call our office to speak with an agent today.
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