Five Major Areas that a Car Insurance Policy Protects
The first and foremost thing that you need to do as soon as you buy a car is to get insurance. After all, buying a car is a big financial investment and there are so many ways in which things can go south. A car insurance policy protects you from incurring the costs of damages dealt in an accident. It not only protects you financially but also has so many other aspects it covers you from.
There are several insurance companies that offer car insurance in Lake Charles Louisiana, but you need to make sure that you compare the policies among all of them and buy the most suitable one in line with your requirements.
To assist you in finding out what to look for in a car insurance policy, we have compiled a list of five major areas that a car insurance policy protects you from:
- Injury liability
The clause of ‘Bodily Injury Liability’ safeguards you in case if an insured driver is causing an injury to another person from their car. This clause requires a list of designated drivers which can contain names of all your family members who happen to drive that car. The policy ensures coverage for anyone who is listed on the list while driving your car or someone else’s car as long as they have the owner’s permission. It is essential for you to buy a hefty liability insurance, at least more than the stipulated amount required by the state to cover yourself from legal penalties incurred during an accident.
Therefore, you should consider this while looking for car insurance in Lake Charles Louisiana.
- Personal Injury Protection (PIP)
In any accident, if the driver or any other passenger traveling in the policy holder’s car gets some serious injury, all the medical treatments of the injuries will get coverage. Not only this, but PIP also covers lost income and the replacement cost for services performed by the injured person. The clause may also cover the cost of funerals, should the unthinkable happen.
- Liability of Property Damage
If the policyholder or someone else driving their car with their permission causes damage to other people’s property, this coverage pays for the damage dealt. The coverage could be for someone else’s car, and other properties such as fire hydrants, poles, fences, or any such structure that the car has hit.
- Coverage during collisions
If any damage happens to a car due to a collision with any object such as a car, tree, or dividers and results in it flipping over, this coverage will pay for the damages. This coverage usually comes with a deductible, an amount that you must pay before your policy commences. A higher deductible means you need to pay lower premiums. Under collision coverage, if the policyholder is at fault, then the coverage will compensate them for the cost of car repairs excluding the deductible. Otherwise, your insurer will try to get the recovery amount from the insurance company of the other party involved, and if successful, you might get your deductible reimbursed back to you.
If an insured car has been stolen or there have been some other damages caused by something other than a collision between cars, for instance, it collides with any object or gets damaged because of any unforeseen circumstances like natural disasters, vandalism, and such then the comprehensive coverage will protect the insured. This insurance is generally sold with a deductible ranging from $100-$300.
The above-explained coverages take off a lot of stress from the policyholder’s mind as they give them a sense of financial security. Many insurance companies offer car insurance in Lake Charles Louisiana with all these coverages assured, but choosing the best one out of them is very crucial. Never forget to compare the policies and ask your potential insurance company to cover all the above areas.
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