You're likely going to need to adjust your auto insurance over the years. The changes might result from buying a new car, or simply needing to adjust your limits. Whatever the reason, policy changes merit special consideration.
Adjusting your coverage might open up the opportunity to add further protection. Doing so might afford you better coverage in case of unique driving incidents. Extra coverage often offers a better degree of protection for drivers.
Typical Vehicle Coverage
Most states require drivers to carry certain levels of auto insurance, usually liability protection. It can help drivers in the event they are at-fault in an accident that harms someone else. The affected party can make a claim against the at-fault driver's policy to cover their own losses.
Beyond liability coverage, drivers often add comprehensive and collision protection. Collision and comprehensive insurance can help the policyholder pay for damage to their own vehicle. Many insurers automatically ask drivers if they want to include this coverage. Drivers should set their limits to represent their vehicle's value and replacement needs.
Still, there are many types of additional insurance protection available to various drivers. Some of them include:
1. Medical Payments Protection
Sometimes called personal injury protection (PIP), this coverage can help drivers afford their own medical costs following an accident. This coverage may help drivers regardless of whether they have health insurance or they don't. Some states even require drivers to carry this coverage.
2. Rental Car Reimbursement
If you have an accident, or even a breakdown, you might not be able to get to and from work unless you get a rental. But rental cars can become expensive. Your insurer may cover some or all of the costs of a rented vehicle.
3. Roadside Assistance Coverage
No one wants to be stranded on the side of the road. Fortunately, many insurers offer roadside assistance coverage to help drivers get help quickly. Usually, roadside assistance will help drivers get services that are covered under insurance policies. For example, towing assistance will likely make sure to send a truck that will accept insurance payments.
4. Umbrella Insurance
This coverage offers extra liability protection on top of your existing limits. It might add extra funds to your coverage. Furthermore, it may add coverage for certain liabilities not covered by standard policies.
If your policy offers you the chance to enroll in enhanced protection, consider doing so. Though it may come at an extra price, the investment may be worth it. You might find that you have a much more adequate policy when you get expanded protection.
Be sure to contact TCU Insurance Agency about our car insurance offerings.