Month: June 2014

Car insurance offers many types of coverage for common situations you may encounter throughout your driving career. One type of coverage, called personal injury protection, gives you the peace of mind of the insurance company taking care of expenses related to personal injury when accidents occur.

Personal injury protection does not concern itself with which party is at fault in an accident. Instead, your insurance company covers the medical expenses of anyone associated with the accident, such as passengers, pedestrians, and yourself. Your health insurance may not always cover claims caused by an auto accident, so it’s good to have backup coverage through your auto insurance to make sure you aren’t dealing with claim issues down the road.

In addition to taking care of your medical bills, you may be able to get PIP to cover wages you lost due to your injury. This makes the coverage important for ensuring that your life isn’t disrupted unduly after the accident. Instead of figuring out how you’re going to pay bills until you get back to work, you can go get your wages paid through insurance.

Another good reason to pick up PIP is if you don’t have any health insurance at all. You may not be able to afford health plans, but if you add this coverage option on your existing auto insurance, you at least have one less health concern to worry about. Since injuries related to accidents can be catastrophic, it’s good to avoid massive hospital bills associated with getting you back on your feet.

Lean more about personal injury protection in the Arvada, CO area through your local independent agent.

When you get into an accident, it is useful to carry some collision coverage on your vehicle. Depending on the type of policy that you purchased, it may be included as part of your standard policy or it may be an optional item that you add to your basic policy.

What is Collision Coverage?

The coverage is a type of additional protection that is added to your auto policy to pay for damages to your vehicle if you get into an accident and crash into another car or even a stationary item, like a parked car or a street sign.

In most cases, the coverage will only pay for damages to your vehicle after you have paid the stated deductible. The amount that you are expected to pay for a deductible can vary based on the amount that you selected.

Appropriate Deductibles

The deductible that is appropriate for your vehicle can vary based on your concerns, goals and plans. Ultimately, you are able to determine the amount that you are willing to spend after an accident.

In general, it is usually best to maintain a low deductible on a new vehicle and a higher deductible on an older vehicle because of the associated risks. If you have a low deductible on a new vehicle, then it means that your insurance will pay for a large percentage of the damages. An older vehicle has fewer expenses and will cost less to repair, so it makes sense to have a higher deductible.

Selecting an insurance policy that is appropriate for your needs and working out a fair deductible can seem challenging, but it is an important part of protecting your vehicle. Call us today to speak to an agent for more details.