- Property coverage pays for damage to or theft of your car.
- Liability coverage pays for your legal responsibility to others for bodily injury or property damage.
- Medical coverage pays for the cost of treating injuries, rehabilitation and sometimes lost wages and funeral expenses.
If you’re in an accident or your car is stolen, it can be extremely expensive to fix or replace the damage or stolen vehicle. As well as if anyone becomes injured as a result of an accident, medical costs can really break your budget if you’re not insured. If you or your vehicle cause damage or injury to others in an incident, legal charges can cost a lot of money. Being insurance is a prudent financial decision and many states even require you to have at least some coverage.
- How much can you afford to pay if you get in an accident? (To keep premiums low you may want to have a higher deductible and be willing to pay more for repairs.)
- What is the insurance company’s level of service and ability to pay claims?
- What discounts are available? (Ask about good driver, multiple policy and student discounts.)
- What’s the procedure for filing and settling a claim? (Ask who to call and what happens after you file a claim.)