Thursday, September 30, 2010

Car Insurance Options

When I watch TV, listen to the radio, or go online, I'm constantly barraged with commercials wanting me to buy car insurance. It makes me look at my own policy in depth again to make sure I'm getting the best possible deal. What basic coverage do I need? That depends on what state I'm in. In most states, a policy owner should have property damage liability as well as bodily injury liability.

If I get property damage liability, I am covered for any property damages that I inflict upon a third-party. If I bump into someones car in a parking lot, it's covered. When I have bodily injury liability, I'm covered for any injuries that I might inflict on others in an accident. It's bad enough knowing that I hurt somebody, but having to pay for their hospital bills on top of that would be a true nightmare.

These are the basics, but there are some other areas that I might want to have my insurance policy cover. For instance, it might be smart for me to get collision insurance, which would cover any losses related to my car if I am involved in a collision. If I get comprehensive coverage, I'll be covered for any damage done to my car even if it's not in a collision. For instance, last spring at the Little League field a ball hit my windshield. If I'd had comprehensive coverage, I wouldn't have had to pay for the new windshield out of my own pocket.

I know I'm being responsible, but what if I get into an accident with someone who doesn't have as much coverage as I do? Uninsured motorist protection might be my answer to that dilemma. I can also make sure that my medical needs are met without too much strain on my wallet by purchasing medical/personal injury protection.


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