Auto Insurance Services

Understanding Auto Insurance

Insurance can come in handy for all kinds of unexpected situations in life. So be prepared for the future by investing in the right kind of insurance.

If owing to some mischance you're involved in an accident, your auto insurance policy can protect you against financial loss in that situation. Auto insurance coverages can be divided into three categories:

• Liability
• Pays for your legal responsibility to others for bodily damage or property damage caused by your actions
• Property
• Pays for the damage to your car or its theft

• Medical payment coverage
• Pays for the initial medical expenses related to the accident for you and your passengers, no matter who is at fault
• Includes: ambulance transportation and emergency room care
• It may include: lost wages and funeral expenses

Why Do You Need to Invest in Auto Insurance?

The intention behind auto insurance is to safeguard you and your family in the unfortunate event of an auto accident by providing you with the financial protection you need.

Dealing with the aftermath of an auto accident can be very expensive. You often have to end up paying a lot of money to repair or replace your car, if it has been stolen or damaged.

You would also need to pay for the medical costs incurred for the treatment of injuries suffered by you and your passengers in the accident. This can be very forbidding.

If you or your car is responsible for causing damage to property or injuries to other people, you'll have to pay for much more than you're worth.

If you're paying by financing, your lender may need you to have full coverage auto insurance.

In addition, the law mandates that you possess auto insurance.