One of the most important things to remember when you are purchasing auto insurance is to make sure that you consider all of the optional coverages that are available as well. This is so important because basic auto insurance coverage really only protects you and your vehicle in the event of a collision and leaves you vulnerable to other issues that can come up. Listed below are just three additional types of auto insurance coverage that you need to consider.
Uninsured and Underinsured Motorist Coverage
One of the most important types of optional insurance coverage is underinsured and uninsured coverage. This type of auto insurance will protect you in the event that you are struck by an individual who is operating his or her vehicle without insurance.
In that situation, your insurance company will step in and pay for repairs and medical bills caused by the uninsured motorist. Without this type of coverage, you could find yourself in a position where you will have to pay for those expenses out of your own pocket.
Underinsured motorist coverage will cover any shortfalls in the event that you are struck by someone who skimped on his or her insurance coverage. Instead of having to make up any shortfall yourself, your insurance coverage will cover what the underinsured motorist’s policy does not cover.
Comprehensive coverage is also a great type of optional insurance coverage because it will cover you and your vehicle even when your vehicle is not involved in an accident. This type of coverage will pay for damages caused by natural disasters, rioting, and even theft.
Depending on your insurance company, you can even sometimes be given a better vehicle than the one that was destroyed by natural disasters or lost to a thief. There are insurance companies that will provide a car that is a year or more newer than the one that was lost, or the exact same year as the one that you lost but with fewer miles. Talk with an auto insurance professional, like Insure With U.S., for more information.
Personal Property Coverage
Finally, basic insurance coverage typically only covers your vehicle and passengers while ignoring any property that may be in the vehicle. Without personal property coverage, you will not be reimbursed or receive replacement property for any items that may have been damaged or destroyed in an accident.
Speak to your auto insurance agent today in order to find out which types of optional coverage would be most beneficial for you. Personal property, comprehensive, and uninsured/underinsured coverage can provide you with peace of mind in more situations than if you opted for only basic coverage.