In car repair as well as health expenses, car accidents can cost a fortune, and not everyone has the money. Accurate Auto Body can teach you how to get money from your auto insurance company and reduce the consequence of a damaging car accident.
The first step you can take is to buy car insurance. Now this isn’t as simple as it sounds: car insurance encompasses many different kinds of coverages which often need to be bought separately. In some states, certain types of car insurance coverage like Personal Injury Protection (PIP) are required by law, but in other states that’s not the case. Research what types and amounts of auto insurance your state requires.
However, in order to have peace of mind and get money from your insurance company when you need it, it’s better to buy as much insurance coverage as possible, not just the state minimum. There are six main functions of auto insurance, often sold separately. Having all six is a smart move. And it doesn’t have to bankrupt you on a monthly basis: the general rule is that you can pay a lower monthly cost (or “premium”) for insurance by agreeing to pay a greater portion of the cost (or “deductible”) in case of an accident.
- Bodily Injury Liability: This will cover medical and/or legal expenses resulting from bodily injury you cause others in an accident, even when you are at fault. This is your best protection in case you are sued.
- Personal Injury Protection: In addition to serving as your health insurance on the road, PIP auto insurance can cover lost wages in case an accident injury keeps you from your job, as well as funeral costs if tragedy occurs.
- Property Damage Liability: This will help cover the cost of any damage you do to other people’s property, whether that be their car or their mailbox.
- Uninsured/Underinsured Motorist Coverage: Required in some states, this insurance will cover automotive and bodily damages done by drivers who—due either to a limited insurance plan or a lack of insurance or funds—cannot pay you for what their insurance would otherwise provide.
- Collision: Collision insurance will cover the damages done to your vehicle in case of an accident. This could be a collision with another vehicle, with an object, structure, or pothole.
- Comprehensive: This protects your vehicle against theft, vandalism, and non-collision damage, such as from hail, floods, earthquakes, riots, or collisions with animals like deer. It may also insure your windshield.
Make sure you get all the types of the auto insurance you need, make sure that you pay a high enough premium to keep your deductibles in an affordable range, and make sure your insurance provider adheres to its contract. If you take these steps, you won’t have any trouble when it’s time to get money from your auto insurance company!
How To Use This Information
For more advice on how to get money from your auto insurance company, Accurate Auto Body can help you out. After all, our work is often what your insurance pays for! Give us a call at (303) 344-2212 or contact us online.
Do you have any auto insurance success stories? Or horror stories?
