What to Look For When Reading an Auto Insurance Policy

Here’s what you should look out for when reading through a car insurance policy.

Although auto insurance isn’t the most thrilling of topics to think about, it is an important one. Your auto insurance policy is a legal contract, and it’s important that you understand it before entering an agreement with your insurance provider. Familiarize yourself with the different components of your policy so that you know what is and is not covered, and so that you can easily find information in the future. Here’s what you should look for when reading through your auto insurance policy.

Declaration Page

This section gives you an overview of the policy. Here, you will find the names of the people that are covered by the policy, the duration of coverage, a short description of the type and amount of coverage you are purchasing, as well as how much your premiums will cost.

Insuring Agreement

This section provides you with details about the service offered by your insurance agency. This is also where you will find information about the type and amount of coverage you are purchasing and about what you should do if you need to file a claim. The insuring agreement should also include details and exclusions and deductibles.

Types and Amount of Coverage

This is the section that tells you exactly what you are paying for and how much coverage you will receive. There will be details about body injury liability, property damage liability, and collision coverage. If you choose to purchase optional coverage, you will find information about comprehensive, uninsured/underinsured motorist, and medical payments coverage, too.

Make sure you read through your policy and don’t hesitate to talk to your insurer about coverage. For help securing auto insurance in your local area, visit the team at Tompkins Insurance Agencies.