Liability Insurance May Not Be Enough

When buying car insurance, many consumers who own older vehicles purchase only the minimum liability coverage required by state law in order to meet vehicle registration requirements. However, liability coverage only pays for the other person’s damage; it doesn’t protect you from many events which might damage your vehicle. For these instances, the car insurance consumer should consider adding comprehensive and collision coverage to their existing policy.

Comprehensive coverage provides coverage in case one’s car is stolen or damaged in a storm. If you have ever seen a car after it’s been through a bad hail storm, you will definetly see the importance of having a policy with comprehensive coverage. This type of coverage also protects against vandalism and your car catching on fire.

Collision insurance helps take care of damage done to your vehicle in the event of an accident where you are determined to be at fault. If you are at fault in a car accident, collision coverage pays for the repair of damage to your car minus the deductible you have chosen for your policy.

Don’t leave yourself unprotected against financial loss. Think about adding at least some level of comprehensive and collision coverage to your current car insurance policy.