Auto Insurance Coverage – What You Need to Know
What is an insurance coverage? Well, in the most basic of terms, this refers to the kind of coverage that you’ll get in the event that you get into a car accident or if something happens to your vehicle. It can also protect you in case a particular accident injures someone else who was in your car at the time. There are many different types and each has its own sets of agreements, conditions and exclusions.
A particular part of every auto insurance policy that is mandatory in many states of the U.S. would be what’s referred to as the liability coverage. This type of coverage would provide you with a means to pay the victim of the accident as well as any damaged property. But of course, this is only goes up to a certain amount. Any excess expenses would have to be paid by the person who caused the accident. Also, this coverage can be standalone or combined with others.
Another aspect of an insurance policy is the medical payments coverage. This would provide you with payment for any medical expenses that came about as a result of a car accident. Again, there is a limitation to this and that all depends upon the policy that you have chosen. It is not mandatory unlike the liability coverage. Medical payments coverage is optional and can be added to your policy if yours includes liability coverage.
The third part of an auto insurance policy would be the coverage that provides for any damage that happens to your car. Basically, it covers for any physical damages that happen to your vehicle in the event of an accident. It also covers damages brought on by fire, theft as well as any natural events that couldn’t have been avoided. Just like the liability coverage, this can also work as a standalone or as part of the liability coverage itself.
There is also an auto insurance policy that would protect you as well as the other people riding in the same vehicle from an uninsured driver. This is referred to as the uninsured motorist coverage and is subject to the differing laws from one state to the other. There are some states in the US where this is mandatory but there are those wherein you might be able to opt out of it in your coverage policy. Also, this type of coverage can only be written if you have liability coverage.
Last but not the least; we have the personal auto policy which can be written for an individual or to a married couple who are living in the same household. Now, most of the insurance policies available out there are written in a way that would include all of the important coverage types. All you need to do is choose the ones that you want and opt out of the ones that you don’t need. Just bear in mind that there would always be fine prints to read as well as conditions, exclusions and limitations to remember.
So there you have it, a quick overview of some of the different PA auto insurance coverage that you can get.