Are you paying enough for your car insurance?
The first step toward making sure you’re adequately covered is understanding how your current policy works. It is so easy to buy a policy and pay the bill every month or year without checking what you are actually paying for!
Your policy may include comprehensive and collision coverage, which cover different types of damage to your vehicle, as well as other coverages such as personal injuries in the case of an accident. Other factors to consider are personal possessions as thieves often target cars for valuables.
The key coverage to focus on, though, is liability coverage. If you’re found to be at fault in an accident, your liability includes damage to property or other vehicles, as well as medical expenses for other drivers and any lawsuits you may face.
In the case of an accident, your insurance will pay up to a maximum amount specified in your policy. If the damages exceed the amount your insurer will pay out, you could end up on the hook for the difference.
And the costs associated with car accident insurance claims are on the rise due to a shortage of parts, rising energy costs, and cars themselves have gotten more intricate, too. An accident that used to be a dent in the bumper could now be damage to cameras or sensors.
Make sure you are paying for sufficient cover.
