Types Of Car Insurance Policies

by Administrator 29. January 2018 06:07

The right type of car insurance policy protects car owners from repair, replacement, medical and other costs associated with car accidents. Even though car insurance policies vary from state to state, you can get a combination of insurance policies to suit your situation. The following is a list of common car insurance policies:

1. Liability Insurance
It’s best for those who just want basic coverage. It covers bodily injury liability and property damage liability. It pays for the other party’s medical bills and damage to the vehicle.

2. Collision Insurance
This policy provides additional coverage against damage caused due to collision with an object such as a tree or house.

3. Comprehensive Insurance

Comrehensive insurance covers damage caused due to factors other than an accident for instance theft or a natural disaster, vandalism to your car, etc. This type of insurance is best for those living in areas prone to natural disasters or animal strikes. Consider comprehensive insurance if your car is less than 10 years old.

4. Medical Payments Coverage
Irrespective of who caused the accident, the passengers, family members or anyone else driving your car is liable to get covered for any medical expenses. Personal injury protection limits differ from state to state but you can always purchase additional coverage as per your requirements.

5. Loan/Lease Payoff Coverage
It is also referred to as Gap. Vehicle owners who still owe a certain amount of car loan or lease a vehicle must opt for this policy coverage. It covers the upside down loan if the car is stolen and not recovered.

6. Uninsured Motorist Coverage
If an accident is caused by a driver who does not have an auto insurance, and your car gets damaged as result of the same then this insurance covers the medical bills, wages lost and other costs ensuing.

7. Underinsured Motorist Auto Insurance Coverage
You will be compensated if the driver or owner of car who is responsible for the accident is underinsured and does not have the required insurance coverage.

8. Rental Reimbursement Insurance
This insurance covers your expenses on a rental car due to an inability to use your own damaged car which can’t be driven as a result of an accident.

 9. Pet Injury Coverage
This coverage provides for an injury caused to your pet in an auto accident.

For affordable car insurance in Killeen, TX, contact Shawn Camp Insurance Agency, Inc. We are located at 2705 E. Stan Schlueter Loop, Suite 101, Killeen, Texas 76542. You can also call us at (254) 526 – 0535.

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