AMERICAN UG INSURANCE BROKERAGE

WHY DO I NEED TO BUY AUTO INSURANCE?

Auto insurance is more than a matter of insuring your vehicle for loss or repairs after an accident. It is a financial safety net that can help you offset the cost of:

• Repairs made to your car due to damage caused in an accident

• Bodily injuries to yourself or others

• Lost wages due to injury

• Benefits to survivors when an accident results in death

• Lawsuit brought against you as a result of an accident

 
Many states require a basic liability coverage, but you must decide how much additional insurance you need to protect you, your family, your vehicle, and your assets. Packages are available from standard insurance coverage to meet your particular insurance requirements. Yours could include: Bodily Injury Liability, Property Damage Liability, Collision Coverage, Comprehensive Coverage, Medical Payments Coverage, Uninsured/Underinsured Motorists Protection.

The determination of your auto insurance rates are based on the following: your driving record, your family members, the car you drive, marital status, where you live, age, gender.

Liability insurance helps protect your assets if you cause an injury to others or damage property of others with your vehicle. Bodily injury liability protects you in the event you are determined to be responsible for an accident in which someone is hurt or killed. Property damage liability covers the damage your vehicle causes to someone else’s property, such as a car, mailbox or a fence on their land. Collision coverage pays for damage to your own vehicle that results from colliding with another vehicle or object, or from a vehicle rollover. Your car is covered no matter who causes the accident. Comprehensive coverage pays for damage to your auto caused by something other than a collision. This includes theft and vandalism, and disasters such as fire, flood and hail. Collision and comprehensive coverage usually do not pay for the total loss. You generally have a deductible – an amount you must pay out of your own pocket before your insurance benefits take effect. Medical payments insurance covers the cost of doctors, hospitals and funeral expenses of you and/or your passengers that result from an accident, regardless of who was at fault. This insurance coverage will protect you when you drive another person’s car (with permission) or if you or your family are struck by another vehicle as pedestrians. Personal injury protection (PIP) is a form of no-fault insurance required in states with no-fault laws. This coverage is a broader form of medical payments insurance. It pays for medical care, lost wages and replacement services for the injured party (for example, paying for a babysitter for children while a other is hospitalized). It pays regardless of who is at fault in a accident. Uninsured motorists (UM) coverage pays the cost of damages and injuries resulting from being hit by an uninsured driver or by a hit-and-run driver. Both you and your passengers are covered for medical expenses, lost wages and other injury-related losses. You may also be able to collect for pain and suffering. Underinsured motorists (UIM) coverage will pay for damages that exceed the amount of coverage carried by an underinsured driver. You choose the amount of coverage when you buy this protection.