Shopping for auto insurance can be extremely complicated, mostly due to the fact that there are so many different types of coverage available. Two must-have types of insurance coverage are uninsured/underinsured motorist and comprehensive.
One of the biggest risks you face when you drive are that the other drivers on the road are driving with insufficient or no insurance coverage. The reason this is an issue is because if an uninsured motorist causes an accident, you will have to pay for all of your own medical bills and vehicle repairs.
If an underinsured motorist gets into an accident with you, then there is a chance that their coverage will not be enough to pay for all of the damages. For example, if the underinsured motorist strikes your car and causes $75,000 in damages, but only has $25,000 in coverage, then you will have to pay the remaining $50,000 yourself.
However, if you have uninsured/underinsured motorist coverage, you will not have to worry about the level of insurance coverage other drivers on the road have. The reason for this is because your insurance company will pay for any shortfalls caused by a lack of insurance coverage on the part of the other driver if they are at fault for the accident.
Another very important type of coverage to consider for your car is comprehensive insurance coverage. Comprehensive coverage is designed to protect your car from events other than auto accidents. For example, if your car were to be severely damaged due to a natural disaster comprehensive coverage would protect you by having the insurance company repair or replace your vehicle.
Comprehensive coverage is also a great idea if you want to protect any property within your vehicle. If you only have basic insurance on your vehicle when someone breaks into your car and steals something, you will not be compensated for that loss. However, if you have comprehensive coverage, your insurance company will pay you the current market value of the item or items that were stolen so that you can replace them.
Finally, this type of insurance coverage can also help you out in the event that your car was vandalized. For example, if you woke up one morning and your car was covered in graffiti or your windows were broken, comprehensive coverage would pay to have your car restored or repaired.
Speak to your local insurance agent today, such as Hamsher Insurance, and ask about comprehensive and uninsured/underinsured motorist coverage. These types of coverage will ensure that you are covered for just about anything that may happen to your vehicle.