Most of us feel we are good, safe drivers. Then the unbelievable happens, an accident (Accident according to the Webster Dictionary is an unexpected, undesirable event.)! Picture yourself driving down your local road – keeping to the speed limit and being diligent to watch what is going on around you. Out of a driveway, someone backs out rapidly and you have no time to stop… You hit the vehicle broadside for you had no possible way to avoid it in time. You and your family are fine but the woman in the other car is badly hurt. Are you responsible for what happened … probably not but what if the other person had no or minimal auto insurance? Your auto insurance would kick in.
You would be covered for:
Medpay Insurance: Your insurance includes a goodwill insurance that will pay a specified amount (usually $5000 to $10,000) to hurt individuals in your car regardless of whose fault the accident is. Please make sure all drivers and passengers seek medical attention. If you have health insurance it will also help pay your medical bills.
Collision Coverage: Your auto policy will pay to help fix your car under the collision portion of your policy. Collision can pay to fix your car regardless of who is at fault or when another driver has no insurance. You will have to pay your deductible or co-pay but the rest will be covered by your auto insurance. What if you do not have collision insurance on your auto policy? Unfortunately, you would have to take the other driver to Small Claims Court to seek payment for the damages to your vehicle.
Uninsured/Underinsured Liability Coverages: This part of your auto insurance policy pays for the medical bills of the people in your vehicle. If you are carrying $250K/$500K as an example … Everyone in your vehicle will get paid up to $250K with a maximum amount paid out for the accident of $500K. If your medical bills go above $250K per person or $500K for the accident, you will have to pay the balance out of your pocket unless you have health insurance. Another safety net would be to have an umbrella policy. If all of your bills are still not paid, yes, you can sue the driver of the other vehicle but only after the insurance company has received their money back by suing the at-fault driver.
Towing and Rental Coverages: These coverages are invaluable if your car is not able to be driven. These riders enable you to have your vehicle towed and secure a rental vehicle while your vehicle is in the shop being fixed. These coverages need to be added to your policy at a slight extra premium, if you wish coverage.
As you can see it is important to understand your auto coverages before you purchase or renew your insurance. There are many different varieties of coverages and at varying amounts, which can make purchasing auto insurance intimidating. We at Brownell Insurance will carefully walk you through this purchasing process, so you are not caught off guard. After an accident – your fault or not, we do not want you to have any regrets or nagging thoughts of I should have… Could have….. Would have…. By taking the time to thoroughly review your new auto policy at time of purchase or when your policy is up for renewal … You will know what you are covered for and have peace of mind instead of panic.
Call our Brownell Insurance offices (603-437-1992 – Londonderry, 603-296-0077 Hampton) or visit our website (www.BrownellInsurance.com) so that we can provide you with valuable information regarding your auto insurance. We are always ready to answer your important questions before an accident or disaster happens!