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| Auto Insurance-What is Full Coverage? & Free Auto Insurance Quotes |
| Friday, December 26, 2008 |
Auto Insurance-What is Full Coverage?
Free Auto Insurance Quotes
I am a Houston Farmers auto insurance agent.
In some states, it is mandated by law for a car driver to have his automobile insured. I often talk to people that use the term "full coverage" to describe their auto coverage. The car must be insured against accidents and collisions. I interpret this to mean that they have some level of liability insurance plus comprehensive coverage for their car. Some of these states also require auto liability insurances that should cover for property damages that result from accidents involving the car, and pay for the hospitalization of victims. Sometimes customers think this means "Full coverage protects me from everything".
If you do not have auto insurance yet, it is advisable that you get one as soon as possible. That is NOT correct!
The liability part of an auto policy covers injury to another person or damage to their vehicle. You do not have to live in a state that requires auto insurance to get one. (See your policy or agent for complete terms) In my state of Texas the minimum required by law is 20/40/15 or $20,000 for an injured person, $40,000 for more than one person injured per accident, and $15,000 for damage to another persons auto. Insure yourself against expensive repairs and liability payouts by securing insurance. If you take this minimum coverage and add coverage for your vehicle, some would say they have full coverage.
It is perfectly alright if you have not made up your mind about getting an auto insurance policy. If there is a serious accident and the injuries and lost wages are $300,000, this policy would leave the customer responsible for paying about $260,000 from their assets to settle the claim. You should not decide without first shopping around for the best plan. At that point the customer probably would not feel like they have full coverage! My opinion is that the liability part of a policy is VERY important. And the best way to compare the different kinds of insurance coverage and prices, including insurance carriers, is to ask an independent insurance agent or broker for help. Talk to your agent for advice and consider getting the maximum coverage available and not the minimum required.
An independent insurance agent or broker is not tied down to one insurance carrier. You should also consider possibly getting an umbrella policy to increase your limit to a higher level that what is available on an auto policy. This means, he can present you with choices and alternatives from many insurance carriers.
It is important to have enough liability coverage to protect your current assets from lawsuits, and to protect your future assets from judgements that could result from an injury lawsuit. However, you have to make sure that you are comparing similar plans. In addition it is important to be able to cover your moral responsibility to be able to "make it right" if you injure someone! How would you feel if someone you love is very seriously hurt and the driver only has $20,000 to offer as settlement. Getting an insurance quote is a free service provided by agents and brokers. . You are not obliged to purchase one after the presentation..
Remember that insurance quotes are based on a number of information that you give the insurance agent or broker.. Depending on the insurance carrier, some factors weigh more than others.You don't want to be the one that only has the $20K if you hurt someone. For example, the make of your car is important—luxury and imported cars are more expensive to insure.
A so called "full coverage" policy could also be lacking uninsured motorist coverage, personal injury protection, towing/road service, rental car reimbursement, gap coverage, and more. Your age and gender can also play a part in the equation.
I suggest taking the time to understand your insurance options and get a good agents advice on what would be good coverage for your situation. Male applicants who are below the age of 25 often have to pay a higher insurance premium than older men. Texas residents are welcome to call my "http://houston-auto-insurance. Unmarried female drivers under 25 pay higher than their male peers.com" target=_blank>Houston auto insurance agency for more information. So be sure to give out the right information even when you are just getting a free quote.
Related Blog: zdp tm3.blogspot.com
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posted by ijyhefukuudifon12410 @ 5:01 PM  |
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