7 Types of Auto Insurance Coverage You Should Consider - PowerPoint PPT Presentation

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7 Types of Auto Insurance Coverage You Should Consider

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A list of the seven types of auto insurance coverage and how to decide which one is right for you. Here is a list of the seven types and what you need to know about each one. – PowerPoint PPT presentation

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Title: 7 Types of Auto Insurance Coverage You Should Consider


1
7 Types of Auto Insurance Coverage You Should
Consider
2
Bodily injury liability
  • If your actions are found to be the cause of an
    accident this covers the cost of injuries and
    even death that is caused to someone else. Be
    sure you have the right amount of coverage an the
    proper deductible.

3
Property Damage Liability
  • If your actions are found to be the cause of an
    accident this covers the cost of properly damage
    including other cars, trucks, fences etc often
    the state minimum coverage amounts are not enough
    in an accident.

4
Personal Injury Protection
  • PIP insurance will cover the treatment of your
    passengers injuries. In many cases, it can also
    cover things like lost wages, and the cost of
    helping the passenger perform day to day duties
    that the injury prevents them from doing. This is
    what is known as a no fault coverage as this is
    paid whether the driver is found to be the cause
    of the accident or not.

5
Collision Coverage
  • Should you hit another car or even lose control
    on a slick rad and hit a tree, this type of
    coverage would kick in the help pay for repairs.

6
Comprehensive Coverage
  • This type of auto insurance coverage is used the
    event damage is not caused by a collision.
    Situations like fire, flooding, theft and hitting
    and animal would be covered on this type of
    policy addition.

7
Uninsured Motorist
  • If the other party in the accident does not have
    insurance uninsured motorist coverage can be a
    life saver. This can also be used in instances
    where you are the victim of a hit and run driver.

8
Towing/ Rental Car
  • Most policies offer a towing and rental car
    reimbursement add-on. This is one of the things
    you rarely consider until you have an accident or
    car break down. This coverage can be a valuable
    piece of mind for your family.

9
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