4 Questions to Ask Your Auto Insurance Company Now About Your Coverage in Case You Ever Have A Car Accident
Many people pay for auto insurance without knowing the full extent of their coverage. It’s easy enough to grab insurance from a company a friend recommends, especially if the rates are good, but it is always important to understand what exactly is included in your auto insurance.
This is especially true when it comes to a car accident. While none of us want to be involved in one, every driver runs the risk of being involved in an auto accident, so you need to know precisely what is covered in your insurance should the worst-case scenario happen.
Here are four questions to ask your auto insurance company about your coverage in case you ever have a car accident:
1. Is there additional coverage available that offers me better protection?
Most states have a minimum insurance requirement all drivers must have, typically liability insurance, but there are other types of insurances available that may offer better protection in the event of an accident.
For instance, collision insurance covers costs of repairs after an accident regardless of whose fault it was, although there is usually a deductible to pay. However, it offers a good amount of financial protection from drivers with a newer vehicle that is involved in a crash.
Comprehensive insurance not only covers you for collisions and other auto accidents, but non-crash related accidents such as vandalism and theft. While not necessary, paying the additional fee does give a lot more coverage and peace of mind.
There are many types of insurance coverages available that may provide an extra degree of financial protection for drivers in auto accidents, so be sure to ask your provider about what’s currently available.
2. Who is included on my policy?
If you have other family members using your car then you need to ensure they are included in the coverage. Most insurance companies only provide additional driver coverage when you request it, and it will increase your premium.
Of course, it’s obviously worth paying to guarantee your family is covered should they be involved in an accident. Never assume your insurance covers others driving your vehicle – insurance providers tend to process these situations differently from each other.
3. What is my payout value?
An overlooked question to ask your insurance company is how much money you get if your car gets totaled. Cash value sees you only get the amount the vehicle is currently worth, taking into account depreciation, meaning you may get less than you expected from a pay-out.
The other option is agreed upon value, which is a much better type of coverage as it guarantees a set amount previously agreed upon, not considering any type of depreciation from that point.
4. How much is my deductible?
Most types of insurance coverage come with a deductible, which is the amount you need to pay towards the auto repairs before your insurance provider covers the remainder of the bill. Deductibles vary from each provider and differ depending on the type of coverage.
Those with lower premiums often come with higher deductibles, meaning you’ll need to pay a lot more should there be an accident. However, as there is a good chance you’re never be in an accident, a lower premium with a higher deductible may be worthwhile. Get clarification from your insurance company and see what works best for you.
Z Best Body & Paint is a premier Lake Elsinore collision center that works with all insurance companies to repair all makes & models of cars and trucks. We take care of all paperwork and work with your insurance company directly so you don’t have to. Our friendly staff will keep you updated during the repair process. We specialize in all auto body paint, frame repair and diagnosis, alignments, bumper replacement and everything needed to return your car to pre-accident condition. We also offer full vehicle restorations. All of our technicians are trained and Gold Class Professional certified by I-Car. We have proudly offered all of our customers a limited lifetime warranty on their repairs since 1998. Call us today at (951) 471-5530.