What to Know About Your Auto Insurance Quote
Unless you spend your time dabbling in insurance policy underwriting, you may not understand some of the terms on your auto insurance quote. For many consumers, sifting through the jargon on a policy is a confusing and time-consuming task. When it comes to mandatory insurance, such as
auto insurance in Banning, CA, it's best to understand what it is you're buying into. Here are some useful tips to help you
understand your car insurance quote.
Bodily Injury Liability - This coverage helps to pay for another person's physical injury as a result of an accident for which the policyholder is liable. From physical injury, pain and suffering, and losses, third parties are covered. Additionally, it will pay for legal costs associated with the accident.
Property Damage - If the driver is at fault in an accident and there is damage to another person's property, then this coverage will pay for the damages.
Deductible - The deductible is the amount you pay out of pocket before your insurance starts paying. If you have a $500 deductible, and you make a claim for $2000, you must pay the first $500, and then the insurance company will pay the $1,500.
Claim - A request you make for payment from your car insurer to cover vehicle repairs, injury treatment, or other costs.
Medical Payments Coverage - €˜Med Pay' covers injuries of the driver and passengers caused by an accident, whether the policyholder was at fault or not. As medical expenses can be costly, it's essential to have more than enough of this coverage!
Uninsured Motorist Coverage - Some motorists don't have any insurance. Even if the other driver does have insurance, he/she may not have a high enough limit. If you were to get into an accident with someone who didn't have insurance or not enough of it, this coverage would pick up where their insurance would.
At-Fault Accident - A car crash that you cause (either partially or completely). After an at-fault accident, your liability insurance helps pay what you owe toward other people's injuries and property damage bills, plus legal defenses if you're sued.
Collision and Comprehensive - This policy will cover the damage to your vehicle if you're involved in an accident or collision. Comprehensive coverage is for any damages to your car that are not the result of an accident, such as theft, vandalism, natural disasters, fire, etc.
For more information, useful resources, and accident forms, check out our
Resources. For reliable
auto insurance in Banning and beyond, contact our team at Little & Sons Insurance Services today.
