Auto Accident Lawyer Boca Raton, FL
Every day, every driver on the road is at risk of being involved in a car accident. Although it isn’t something we like to think about, it is something we must be prepared for. Auto insurance is one way that people prepare and protect themselves should and accident occur. Most states require that drivers maintain some sort of minimal insurance coverage, but is that enough? How much do you really know about your auto insurance policy and coverage options? Below are five of the most popular types of auto insurance coverage.
Liability Insurance is mandatory in almost every state and is comprised of two parts; bodily injury liability and property damage liability. This type of insurance will cover the medical costs and property damage of the other party when you are at fault for the accident. This insurance however will not protect you, your passengers or your vehicle if you are responsible for the accident.
2) Collision Coverage
Collision coverage, unlike liability insurance, will cover damages sustained by your vehicle in the event of an accident. The accident can involve another vehicle, a stationary object like a fence, or no object or at all for example if your car flips. While collision coverage is usually optional, a lienholder will generally require this additional insurance on your vehicle.
3) Comprehensive Coverage
Not all damage a car faces happens in an accident. Comprehensive coverage will cover damage as a result of weather, fire, theft, or vandalism. Much like collision coverage, this extra insurance is optional unless a lienholder requires it.
4) Personal Injury Protection (PIP)/Medical Payments Coverage
The availability and requirement of policies regarding personal injury protection and medical payments coverage vary by state. Both of these policies will help cover costs associated with medical treatment following an accident. These policies can cover both you and your passengers regardless of who is at fault for the accident.
5) Uninsured/Underinsured Motorist Protection
Although carrying an insurance policy is required by law, not everyone abides by these rules. If you are hit by a driver who does not have auto insurance, uninsured protection will help pay for expenses. This policy is also advantageous for when another party has insurance but only has the minimum required liability coverage. Costs relating to damages and medical bills can add up quick and if the other party’s coverage is less than what you need, underinsured protection will fill those financial gaps.
In addition to these five types of common coverage, there are other optional additions that you can add to your policy to further protect yourself. Guaranteed Auto Protection or “Gap” insurance covers the difference between the cars actual value and the amount of money you owe on a lean in the event of a total loss. Rental reimbursement can cover the cost of rental cars while your car is being repaired and emergency roadside assistance can cover any costs relating to breakdowns or running out of fuel.
Auto insurance isn’t something we always like to think about, but it is important to understand your policy and your insurance coverage needs to protect yourself if you are ever involved in an accident. All this and more can be explained to you by an auto accident lawyer Boca Raton, FL residents rely on at The Law Office of Eric H. Luckman, P.A.