Understanding Your Auto Insurance Coverage
Make Sure You have the Right Auto Insurance Coverage
Insurance is one of those things that you want to have, but never want to have to use it. It can be annoying to pay those premiums every month, but if you get in a wreck, and it protects you from paying out many thousands of dollars, you’re glad that you have the coverage.
But have you checked on your insurance coverage lately? Have you looked over your policy to ensure that you are covered for the perils that you think are covered? Here at A & D, our goal is to ensure that you have a safe and fun driving experience. So we put together the quick list of coverage so you can make sure you have the protection that you need.
Full Coverage vs. Liability Only
In the state of Montana, you are only required to have liability coverage on your vehicle (more on that later). But if you have a loan on the vehicle, or it is leased from the dealer, you are likely required by the lender or lease holder to hold full coverage.
Two Components of Full Coverage
When you break down your policy, you have two components to your full coverage (in addition to liability which everyone must have).
Collision Insurance – Collision coverage pays to fix your vehicle and another person’s property if you are the at-fault driver. This includes damage to other vehicles, poles, structures, trees, and more. What it doesn’t include is damage caused by hitting wildlife. Think of it this way: if you made the mistake, and collided with someone or something, then collision coverage is what you need. You pay the deductible, insurance picks up the rest.
Comprehensive Insurance – Comprehensive coverage pays to fix your vehicle when there is nobody at fault (or the offending party is undetermined). This can be caused by weather, animal collisions, vandalism, or fire. Hail damage is covered under the comprehensive coverage portion of your insurance. Think of it this way: you can’t comprehend who the at-fault party is, so it’s covered under comprehensive.
Liability Insurance Coverage
Liability insurance coverage is required not to reimburse you, but to protect you. Liability coverage takes the liability of the accident off of you, and puts it on the insurance company. Every state requires some liability coverage because most people aren’t able to afford an accident without it. Think of it like this: you slam into a brand new Cadillac Escalade full of kids. The Escalade is totaled, and every kid has to be checked out by the doctor. Total costs: $75,000 for the vehicle, $2,500 per child. Would you be able to come up with close to $100,000? Liability insurance is protecting you from bankruptcy, and protecting the other driver from you not being able to pay for the damage caused to their rig.
Medical Payment Coverage
Medical payment coverage kicks in if you are in an accident, and you are at fault. If you, or the occupants in your vehicle, are injured, then your medical coverage should pay for the doctor bills. Any injuries in another vehicle, of an accident that you caused, would be covered under your policy’s liability coverage.
Underinsured and Uninsured Motorist Coverage
If you are hit by a driver who doesn’t have insurance, or doesn’t have enough coverage, this portion of your insurance policy will pay for the medical bills you rack up. Keep in mind that with most companies, this won’t cover damage to your vehicle unless you have the “property damage” coverage portion as well. We talked about uninsured motorist property damage insurance not too long ago; brush up on it there and then call your insurance agent to have that added to your policy.
Bring Your Damaged Vehicles to A & D Auto Body
Here at A & D, we are striving to be the best collision repair shop in the state. That means we work with insurance companies so that you don’t have to. You aren’t stuck arguing with them about the costs of repairs, we handle all of that. Because our goal is to ensure that you drive home with a vehicle that has been fully repaired to factory safety standards.
Ready to get started on those repairs? Give us a call at 406-586-7791 to schedule a time for a quote.