31 Oct 6 Optional Car Insurance Coverages You’re Not Aware Of
So we all know there are many different car insurance coverage options available to you, but how many of them are you actually aware of. Most insurance companies want to bombard you with the most comprehensive full coverage plans with bundled coverage’s to prepare you for anything, but how much do you really know about the coverage’s you’re paying for? Or maybe you are not taking advantage of these optional coverage’s at all and can be saving a bundle by switching to another insurance company that will provide you added discounts for coverage’s you know you need and want. To help you understand more about these optional car insurance coverage’s, here’s a quick overview.
Medical Payment Coverage
So let’s say you’ve been in a serious car accident and have accumulated a large debt in medical expenses following the accident and here’s the real ticket, you’re at fault for the accident. Well, you can rest easy if you have medical payment coverage on your car insurance because for a designated period of time, this coverage is going to pay for your medical expenses up to your policy stipulated amount regardless of fault. Not only you, but this policy covers any family members or passengers in the car at the time of the accident.
Uninsured/Underinsured Motorist Coverage
The uninsured/underinsured motorist insurance coverage option assists by paying benefits to you if your involved in an accident with a driver who has no car insurance, or too little, to pay for the full amount of your injuries as a result of medical expenses. Similar to the medical payment coverage option, this coverage also covers any other passengers in your car at the time of the accident.
Uninsured/Underinsured Motorist Property Damage Coverage
Drivers taking advantage of this supplementary car insurance coverage will be covered for any repairs to their vehicle if involved in an accident with an uninsured driver. The repairs do demand a $250 deductible for the coverage – a small price to pay for repairs to your vehicle. Plus, liability coverage added on will also provide a coverage limited to $25,000, or the actual cash value of the vehicle.
Towing and Labor Coverage
Ever find yourself in a bind with two flat tires and only one spare? Not to worry, those with towing and labor coverage for their car insurance will be covered. This coverage will pay for the towing costs and labor costs associated with your vehicle. Keep in mind that certain policies are limited by this coverage to $25 per tow, though this amount varies by state.
Louisiana Automobile Insurance Plan
If for some reason you find that you are unable to find car insurance at all through regular means, you can rest assured knowing that you will be covered by the Louisiana Automobile Insurance Plan. This grants auto liability insurance for licensed drivers unable to receive car insurance coverage in the state of Louisiana.
Rental Reimbursement Coverage
Everyone needs ready access to their vehicle to maintain their daily routine. If you’ve been in an accident and your car is disabled, rental reimbursement coverage will cover the cost for your rental car to make sure your daily routine stays your daily routine without imposing on you during this difficult time.
In the state of Louisiana, all registered owners of a car are required to carry at least liability insurance. Failure to do so can result in penalties such as fines, limited recovery of damages, and even impounding of your vehicle. If you’re an uninsured motorist or simply interested in learning more about other coverage options, contact AWS Insurance for a free consultation.