What you should know about your auto insurance.  

Many motorists take out car insurance believing that it covers them from every disaster. But does car insurance cover everything? The short answer is no. No matter how minimal or luxurious the coverage options, a single auto insurance policy doesn’t tend to cover all risks and liabilities. The important part is to understand what might be missing before you have a claim

Standard Coverage

Almost every state requires you to carry a minimum amount of auto insurance to cover the cost of damages or injuries caused by your car in accidents. A standard auto insurance policy will cover:

  • Liability insurance
  • Medical payments or personal injury protection (PIP)
  • Collision
  • Comprehensive
  • Uninsured and underinsured motorist coverag

Additional Coverage

Car insurance doesn’t come with a dizzying array of options. However, there are a few that you should consider:

  • Rental reimbursement – If your car is laid up for repairs for an extended period of time, it might be nice to have the insurance company pay for a rental car for you.
  • Gap – The moment you drive a new car off the dealer’s lot it is no longer new and the value of your car may depreciate faster than your loan balance. Gap insurance will keep you from getting upside down. Nobody wants to make car loan payments for a car that has been totaled.
  • Roadside assistance – If you break down on the side of the road, your insurance will help to cover roadside assistance getting you back on the road – or to the nearest auto repair shop.
  • Customized parts and equipment – Insurance policies pay for repairs based on the original manufacturer’s equipment. If you plan on customizing your ride, look into this coverage.

Are you looking for reliable and affordable car coverage? For help securing auto insurance in your local area, visit the team at Tompkins Insurance Agencies.