Does Liability Insurance Cover my Own Car?

You may be buying auto insurance just to comply with the state laws. Then liability coverage may be enough. But you need to manage expectations, as policies with only state minimum limits are very basic. They don’t include many things and may not even provide sufficient defence against third party claims.

So, it provides protection for other people. In other words, it helps you compensate the damages and harms you or any permitted driver cause to other people. They include two types of protection for others. Bodily injury liability pays for injuries you cause to third parties and property damage pays for damages to others’ vehicles and property.

Usually, basic comes with lowest limits that may not be enough to compensate the whole of the damages. In such cases, third parties may sue the person who caused the accident or the vehicle owner. However, quite a few companies choose to offer these with larger provisions.

Liability auto insurance don’t offer any protection for the policyholder’s car or medical bills (except in no-fault states where the minimum comes with personal injury protection). In other words, the basic you bought to be able to drive legally doesn’t cover your own car.

It doesn’t matter what happened to it. It may be stolen, flooded, burnt in fire, vandalized, ruined in a storm or had an accident. The company will not be interested at all if you don’t have collision and comprehensive. If you have an expensive automobile this may be such a high risk to take.

If you want to include own vehicle you will need to buy full auto insurance that includes the above as well as collision and comprehensive. You can check the difference between liability and full coverage policies in that post. Keep in mind that price gap can be tight as well that you might as well go for the better one.

Not being attentive when you are insuring your automobile can be costly when you have an accident or something happens to it. This isn’t one of the most exciting subjects but not hard to figure out either. If you don’t have the coverage for the damages you suffer they won’t pay a dime. It is as simple as that.

Some people may have limited funds to spare for. Then, they may be looking for the cheapest they can get. This may solve the immediate problem of getting a proof. However, it may put you in a difficult position when something happens to your automobile like an accident. It is only a good idea to buy a third party only policy if you can pay for repairs or cope with total loss of the vehicle.

If you look for the best deals you may be able to afford what you need. For example, buying the minimum from an expensive source can cost you more money than cheaper carriers may charge for full. So, take the time and find the lowest rates by getting several quotes. Our quote form can help you locate those deals. So, stay a little longer and leave with a pleasant surprise.

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