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How to Understand Auto Insurance

  • Step 1

    Auto insurance is actually a combination of individual coverage’s packaged as one; each equally important however once combined it represents a standard car insurance policy. While every underwriter markets their policies differently with unique features and special offers, a standard auto insurance policy will include the following:Comprehensive Damage Protection – covers damage and/or loss caused by event other than automobile collisionPersonal Injury or Fault/No-fault Coverage – covers injures/medical expenses of driver and passengers (depending on your state, the person at fault is held liable)Collision Coverage – covers damage and/or loss caused by collision with another vehicle and/or objectMedical Coverage – covers medical bills and funeral expenses of injured driver and passengersProperty Damage – covers damages and/or losses to the other parties’ property (if you are determined to be at fault)Uninsured/Underinsured Motorist – covers damage and/or loss caused by a motorist with no or little insuranceBodily Injury Protection – coverage if someone is injured or killed (includes legal protection in most cases)Additional coverage’s are available under your auto insurance policy at a premium. These value-added services include: emergency roadside assistance or mechanical failure.

  • Step 2

    Why is Auto Insurance important?1) In some states, it is against the law to operate a vehicle without auto insurance. Punishment can equal either a fine or possible imprisonment in certain situations2) Protects the investment made in your vehicle3) Provides financial protection in the event you are held liable for an accident. It is common for medical expenses to cost well over $100,000 in some cases.4) Most importantly, its protection against what is uncertain including non-collision events like theft or natural disasters

  • Step 3

    Special DiscountsThere are tons of special discounts; the problem is that most of us do not know what they are or who to ask. Tenants Direct can help. Special discounts are available for: AARP memberships, military personnel (current and former), good driving history, teachers, strong academic achievements and many more. Ask our insurers if you qualify for these and other special discounts on auto insurance.

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    This entry was posted on Sunday, January 10th, 2010 and is filed under Auto Insurance. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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