Kevin J. Daley - Insurance & Bonds
ABOUT AUTO INSURANCE
So, you need auto insurance for your car? Have you ever stopped to ask yourself why? Do you understand what
the coverage that you now have means? Has your agent or company stopped to ask you if you understand your coverages?
the coverage that you now have means? Has your agent or company stopped to ask you if you understand your coverages?
Do you know that, while state required, minimum liability insurance coverages may allow you to be "legal to drive" by providing the "bare bones" least amount of coverage, it will not protect you or your vehicle for injuries that you incur or damage to your vehicle? Liability insurance is coverage that protect other people from injuries, harm and/or property damage to their property in the event that you cause an accident and cause them harm. It is not designed to cover you or your property. You should also be aware of the fact that, should the expenses, damages and injury related costs that other people incur, because of an accident that you caused, may not be fully covered by only the state required minimum levels of liability coverage. Do you own a house? Do you have a lot of other assets to protect? Once your insurance limits are reached, the injured parties may come after you and your assets personally. Do you have enough coverage? How much liability coverage do you have on your homeowner's policy?
Comprehensive and collision insurance coverages help protect you for damage to your vehicle, in the event of a covered occurance, like a traffic accident, theft and a lot of other things as listed in your policy, if you opt to get the coverage.
Uninsured/Underinsured Motorist Bodily Injury Coverage, "UMBI," should you get said coverage, provides protection for the costs involved with bodily injuries that you, or someone else in your vehicle, incur at the hands of an uninsured motorist driving another vehicle that accidentally hits you and causes an accident, but only if they do not have their own liability insurance coverage. Generally, you can not get higher limits for UMBI than your own liability insurance limits. It should also be noted that, should you have higher than the state minimum liability limits along with matching higher UMBI limits, and another driver hits you who has lower liability limit coverages, your own UMBI coverage limits will kick in and cover the difference above the other driver's liability limits up to the amount of your own UMBI coverages for any bodily injuries you or someone in your vehicle incur. If you have UMBI coverage but do not have comprehensive and collision coverages, you may be able to get what is known as Uninsured Motorist Property Damage coverage for your vehicle that only covers should you be hit by an uninsured motorist who damages your vehicle.