What Coverages you Carry for Auto Insurance MATTERS!

You’ve probably heard us say it before, but we’re here to say it again…FULL COVERAGE IS A MYTH! Just because someone slapped that term on your policy does NOT mean that you are fully covered. We cannot stress enough how important it is to understand your policy and know what coverages you are carrying. To educate and inform, we’re going to break down the coverages you need and explain why they are important!

Uninsured Motorists Coverage

UMC is essential, no matter who you are, what you drive, or what you do on a day-to-day basis. This coverage will make sure you are protected if you get in an accident with someone who does not have ANY car insurance at all. It sounds crazy, but you would be surprised at how many uninsured drivers there are on the road. Also, if you are involved in a hit-and-run and do not know who hit you or what insurance they have, UMC covers you. If you were involved in a hit-and-run and don’t have Uninsured Motorists Coverage, you’d be paying to fix your car out of pocket.

Bodily Injury Liability

This type of coverage is just as important as Uninsured Motorists Coverage, but for different reasons. Bodily Injury Liability covers the expenses (such as medical bills) of the opposing party if you are at fault in an accident. It even covers you if they decide to sue! Many people don’t take this coverage very seriously because they simply think they are too experienced of a driver to cause an accident and be at fault. Although, that’s not a risk you want to take. You can’t predict the curveballs that life throws at you, and it’s better to have this coverage and not need it than to find yourself at fault without it!

Collision and Comprehensive Insurance

This type of insurance is also crucial to have. Collision insurance covers your vehicle when you collide with something–whether it be another car or even just a light pole or a mailbox for example. Comprehensive Insurance covers damage caused from non-collision events. This includes fire, floods, vandalism, theft, etc. Many people believe that this type of coverage is only necessary if you are leasing (making payments) on a vehicle, but we’re here to tell you that it should be a standard for every driver. If your car is damaged, are you prepared to pay out of pocket for all the repair costs?

Personal Injury Protection

Regardless of who is at fault in the accident, PIP protects you and your passengers. Not only does it cover medical expenses, but it is also there to cover funeral expenses, lost wages, and rehabilitation costs. Personal Injury Protection is mandatory in the state of Florida, but just how much coverage should you buy? We’re here to help you figure that out.

Auto Insurance is so important, not just to obtain, but also to understand. At Singh Insurance & Financial Services, we strive to educate and inform our clients. After we find you the perfect policy to fit your needs and budget, we will make sure that you understand all the details and fine print. Contact us today to get started with a new policy or to review your current policy. Send us an email at info@singhinsurancegroup.com