This policy must be in the name of the person who acquires the insurance and the coverages that the insured can obtain to protect his family, whom he drives and your vehicle are as follows:
- Liability coverage – it is mandatory and in the event of an accident where the insured is at fault, this coverage will pay maximum up to the limit that the client has selected for physical damage to third parties (Bodily Injury) and material damage (Property Damage) caused by said accident.
- Coverage against vehicles without auto insurance (Uninsured and Underinsured motorist) – This helps the insured in case he is injured by a vehicle without auto insurance (Hit and Run). This coverage also protects the insured in the event of being struck by a vehicle while walking.
- Comprehensive and Collision coverage – These protect the insured’s vehicle in the event of an accident, such as fires, explosion, falling objects on the vehicle, winds, storms, floods, vandalism or impact with an animal such as deer or birds. This coverage it is generally acquired with a deductible that can vary from $ 250 to $ 1,000. If the deductible value is the highest, the cost of this coverage decreases. This coverage is not mandatory, however, when the vehicle is financed, the company or bank with which the loan is obtained, requires the insured have this coverage until the vehicle is paid for in full.
- Medical Expenses (Medical Payments) – Depending on the insurance company, these can provide medical expenses to the insured and their passengers from $ 1,000 up to $ 20,000 Dollars, in case they have been injured in an accident, regardless of who is at fault.
- Other coverages: car rental, towing service and roadside assistance (rental, towing and roadside assistance) – these are additional coverages that insurance companies offer.