When you’re getting insurance for the first time, it is a bit daunting to understand all of the different forms of coverage that are available and what they do for you in the event of an accident. The most important thing to keep in mind is that you must have insurance when you’re driving your vehicle in most states. If you’re caught driving a vehicle without having insurance, the consequences are significant.
To help make it easier when you’re selecting automobile insurance, these are some of the common forms of coverage offered by insurance agencies.
Liability Insurance
One of the most common forms of automobile insurance in Lancaster, PA is basic liability insurance. This form of insurance covers you in the event that you cause an accident. The coverage deals with the injured party’s medical expenses and vehicle repair fees.
It is important to note, though, that liability insurance does not cover you in the event that you get injured or your vehicle takes on damage.
Collision Coverage
In order to receive compensation to fix your vehicle after an accident, you have to get collision coverage. Unlike liability automobile insurance, collision coverage isn’t usually mandatory, but if you’re leasing a vehicle there is a good chance that the company you’re financing the vehicle from is going to require that you get this form of coverage.
Comprehensive Coverage
There are other instances, outside of auto accidents, that require a certain type of automobile insurance to be covered by it. Comprehensive coverage insures you in the event that your vehicle is stolen, broken into, or another form of damage that wasn’t due to you being on the road.
Exploring More Specific Types
The forms of coverage that are available are pretty numerous, and there are some people that choose to get some types of coverage, but elect not to get others. In order to learn about the other forms of coverage and which one is best for you, contact us.
