Your automobiles, motorhomes, travel trailers, motorcycles and ATVs represent some of the largest personal investments you may make. To avoid costly losses to your investment in these vehicles, you should understand your coverage and consider some of the following issues:
Auto insurance pays for damages, injuries and other losses that are detailed in your policy. Depending on the type of coverage, auto insurance can either pay for your damages, another driver’s damages or a passengers damages.
The most common types of auto insurance are:
In the event of a total loss, could I personally afford to replace the vehicle?
If not you should consider COLLISION and OTHER THAN COLLISION coverage on your property. Even with higher deductibles, your exposure to a complete loss would be substantially reduced.
If I were at fault in an accident, Is my personal worth and income in excess of my liability limits?
If so, you may have a very real exposure to be sued for more than your current coverage limits.
If I were involved in an accident that was not my fault, would I need coverage for my damages if the other driver didn't have coverage?
One in four drivers is still operating a vehicle without insurance and many are not insured for enough to cover your property and medical expenses. UNINSURED/UNDERINSURED MOTORIST coverage can eliminate your expense and exposure to this type of loss.