Too often, people assume that they will never get into a car accident since they are a safe driver. They carry the bare minimum of insurance necessary to operate a vehicle in their state, and they avoid thinking about the insurance at all. When insurance is purchased this way, it may not be enough to cover the costs of any accidents that do occur. Businesses also need to make sure that they have the right kind of auto insurance to cover any drivers operating vehicles for work. At Dominick Falcone Agency in Syracuse, we are familiar with what you need for state minimums and can help you find the right balance of coverage for your needs.
There are several parts of auto insurance, and it’s important for drivers and business owners to make sure they have the right balance in their coverage.
Liability Coverage: This is what covers you if you make a mistake and cause damages. Bodily injury liability may help protect motorists against injuries caused to another person in the event of an accident, while property liability can help cover damages to physical property.
Uninsured or Underinsured Driver Coverage: If an accident is caused by someone who is either uninsured or underinsured, this coverage will help cover any damages that you suffer.
Comprehensive Coverage: If your car is damaged outside of an accident – a tree falls on your car, for example, or is damaged in a fire, this coverage may be able to pay for repairs or replacement.
Collision Coverage: This insurance can protect you if your car is hit by another vehicle, or if you hit an object, such as a fence post. You are generally not required to purchase collision coverage by your state, but if you have a car loan or lease your vehicle, these parties may require you to carry collision coverage.
Medical Payments Coverage: This coverage protects against medical bills that you or a family member may accrue during an accident. Some states require this coverage, some don’t.
Personal Injury Protection: This coverage is not available in all states. Where it can be purchased, the insurance can help pay for other costs related to injuries and accidents, like lost income due to missed work, or childcare costs for medical appointments.
For businesses, the policies may have similar names, but different coverage amounts may be recommended or required. At Dominick Falcone Agency, we have years of experience helping Syracuse customers find the right amount of auto insurance for their personal and business vehicles. Contact us today at 315-422-6128 to get a quote on the right policy for your situation.