Valley Motors Volkswagen
- New Sales:
- 888-696-5134
- Pre-Owned Sales:
- 888-697-8067
- Service:
- 888-697-1947
- Parts:
- 888-697-1274
- Contact Us Now:
- 888-696-5134
|
|
| There are many different types of insurance coverage to accommodate the
many different types of requirements. Find one that meets your needs. Choosing the appropriate level of coverage depends on a number of factors. Learn more about different types of coverage and decide which is right for you. The information below is for reference only and you should consider consulting a licensed insurance agent before making your insurance decisions. Insurance Coverage Types The three main types of coverage to consider when choosing insurance include liability, collision, and comprehensive. You may also encounter other types of insurance coverage like Personal Injury Protection (PIP), Uninsured and Underinsured Drivers and Guaranteed Auto Protection (GAP) insurance. Some states may require you to purchase certain, but not all, of these components. Liability Liability insurance offers you protection if you are deemed at fault for an accident. Liability insurance could provide you coverage for damage to another person's vehicle, as well as the injured party's medical expenses, suffering, and lost income. Drivers in every state are required to carry liability insurance. Minimum coverage amounts vary from state to state. Collision Collision insurance may cover vehicle replacement (in case the vehicle is totaled) and repairs from impact with another vehicle, person, or object. This type of insurance covers damage regardless of who is at fault. States do not require that you purchase collision coverage. Comprehensive Comprehensive insurance may include vehicle replacement, in case the vehicle is totaled, and repairs if your vehicle is stolen or damaged by fire, vandalism, hail, flood or high winds. This type of coverage may also include reimbursement if your windshield cracks or shatters. States do not require that you purchase comprehensive coverage. Personal Injury Protection (PIP) This coverage may pay for accident-related medical expenses and becomes significant only if you are deemed at fault for an accident. If the other driver is at fault, his insurance will cover costs. Regular health insurance may provide protection for some accident-related medical costs, but it may not cover injuries to non-family passengers. PIP usually provides coverage for specified maximum amounts. Not all states require this type of coverage, especially if you live in one of the 13 states with no-fault insurance. Check with automotive information third-party sources like Intellichoice to determine whether Personal Injury Protection (PIP) is optional in your state. Uninsured and Underinsured Drivers This coverage may protect you if the other driver has insufficient insurance to pay for your losses. It will also offer protection if you are injured as a pedestrian. This coverage is not required by every state. Guaranteed Auto Protection (GAP) Insurance This type of coverage is necessary only if you are leasing a vehicle.If your leased vehicle is stolen or totaled, GAP insurance may cover the difference between the replacement cost paid by the insurance company and the amount owed to the leasing company under the terms of your lease. While not required by states, many leasing companies require this type of coverage. Endorsements Through endorsements to an insurance policy, you may obtain additional coverages to cover costs you may incur related to things such as vehicle rental or towing costs. Get quotes online, read coverage definitions, and find answers to the most frequently asked auto insurance questions. |
