We typically would prefer one full-package of product which can fulfill the whole needs, under an expectation that we do not have to buy this and that as complementary elements. However, if you are expecting it to exist on your auto insurance, it’s likely hard to get. Any auto insurance, so far, has not yet covered every possible damage that caused by a car accident.
Yet, you can possibly get yourselves protected by various auto insurance, from basic to additional, which may help you reach closer to that kind of “full coverage” insurance.
You may remark this policy as the most basic coverage, included in any auto insurance you buy. Liability coverage is intended to protect your finance whenever you cause damage to either property or humans in a car accident. Hence, in details, this policy may include maximum payment for bodily injury per person, maximum payable for bodily injury per accident, and maximum payable for property damage.
However, in most cases, liability coverage is not enough to cover any possible damage which may anytime and anywhere happens to you. Therefore, most people would add some other complementary policies to finance them whenever unfortunate incidents occur.
Comprehensive and Collision Coverage
Automobile damage may not only be caused by car accidents. Even storms, flood, falling trees, hurricane, vandalism, theft, animals and several other causes can put your cars at risk. You can protect your cars from those variables by adding comprehensive coverage to your auto insurance. Most financing companies would urge you to include this in your insurance.
In addition, if liability coverage is meant to finance others’ losses cause by car accidents you cause, collision coverage is to protect your own property, for both caused by car accidents with other cars or hitting objects at the street.
Medical Payment Coverage
This policy covers protection for various conditions. For instance, while you are walking at the side of the street, a car accidentally hit and injure you. Your injuries may be covered by this policy. Similarly, it may also be used to protect your passengers when a car you drive involved in a car accident.
Personal Injury Protection
You can complete your medical payment policy with this personal injury protection. It finances long-term medical expenses, such as for healing, child care services, loss of services, income continuation and funeral.
There are actually several more coverage you can buy to add more protection for you. Yet, the bottom line is, try to consider which one of them you can afford and suits your needs the best.