TheDifferent Types of Auto Insurance Coverage Explained: Price is not
the only thing to take into account when buying an auto insurance, it is also very important to
know what risks it covers and which it does not.
All insurers
offer different coverages, so it is advisable to compare and analyze which is
the most suitable for you.
Buying a car is in itself a heavy expense for everyone.
This is why it is important to protect that investment and consider automobile
insurance that covers all the needs of the driver.
Some insurers offer coverage separately at a minimal
cost. However, it is not always the best option in case of having an accident.
It is essential to study the coverage offered by insurance companies in
particular and the insurance market in general, to be calm and be protected
against any unforeseen event.
So
which coverage is the most convenient? Wide Plus, Wide, Limited or Civil
Liability.
We provide you the
information objectively and based on the data provided by the user, so that everyone
can make the decision about which one
suits him or is more interesting considering the conditions of his vehicle and
his purchasing power. Your online Car insurance comparator has the task of
clearly presenting the types of coverage that exist in NY and what are the
risks they assume.
Types
of coverage for auto insurance
What
is Extensive plus coverage?
We could concentrate this package within the premium
types in the offer of car Insurance policies. Since it covers the car against
almost any risk. Unlike other coverages, this one protects against loss and
partial damage of cars. In other words, any prejudice that the interior and
exterior parts and / or accessories of the vehicle may damage due to theft or
loss.
It also offers the contractor other benefits that other
coverages do not have, such as: deductible payment 0% for total loss; as well
as refund of premiums or payment of an additional 10% of the commercial value
of the car in case of total loss. However, these guarantees depend on what each
insurer can offer you.
In general terms, the risks covered by this package are
all physical and material damages that the driver of the insured vehicle/cars
could cause to third parties and occupants, any loss (total or partial) and all
road assistance.
Risks
it covers
Extensive Coverage Plus Civil Liability Assets and people
Assistance: Legal, Road and Travel Medical Expenses to Occupants Total /
partial theft Material damage Coverage and additional benefits Adaptations,
conversions and / or special equipment.
This type of coverage is recommended for any type of
vehicle, but although it is true that the ones that are most insured with this
type of guarantee are the so-called latest model, new or luxury. Honestly
speaking, it is usually more expensive than other coverage packages.
Before hiring, it is also advisable to considert what
type of use is given to the vehicle, who drives it and which routes it
frequently drives. Therefore, it is recommended to compare different companies
and ask what kind of benefits the insurer offers when contracting this
coverage.
What
is Comprehensive coverage about?
This type of coverage fully covers, in terms of physical
and material damage, the vehicles involved in the accident and also its
occupants. Some insurers include within this package Civil Liability Abroad,
this means that the driver will be insured against damages to third parties if
he travels to the United States or Canada.
Others, in turn, offer the Extension of Civil Liability,
that is, the insurance policy of the insured vehicle will apply to the driver
in the event that he is driving another car than the insured and that is for
private use, and suffers an accident. Also if you live or transit through an
area with a high incidence of theft or damage, this policy will return the
value of your vehicle according to the contract of your policy.
Risks
it covers
Extensive Coverage Civil Liability Goods and people
Assistance: Legal, Road and Travel Medical Expenses to Occupants Total /
partial theft Material damage Coverage and additional benefits Adaptations,
conversions and / or special equipment
If you are looking for complete coverage, with this
option you will be covered against any unforeseen event, including an
earthquake or flooding of the vehicle due to a storm. It is advisable to quote
with several insurance companies the coverage you want, since each company can
offer you different additional coverages and you choose the one best suit your needs.
What
does the Limited coverage contain?
This type of insurance is among the basic ones. Unlike
the previous coverage, if you contract this policy, the material damages that
may occur to the insured Cars during an accident are not considered within the
risks covered by the insurance. In other words, if the insured car is damaged,
the repairs will have to be paid for by the driver himself. However, with this
coverage, total theft is covered.
Risks
it covers
Limited Liability Coverage Assets and people Assistance:
Legal, Road and Travel Medical Expenses to Occupants Total / partial theft
Material damage Coverage and additional benefits Adaptations, conversions and /
or special equipment
Choosing insurance with an average premium like this is
convenient for vehicles 12 years old or older. It should be noted that before
quoting any policy, it is important to clearly establish the needs of the
driver, those of the vehicle and what is really required to protect the car.
What
does the Civil Liability coverage include?
All vehicles traveling on federal highways, bridges, and
roads must have this coverage. In the event of an accident, it protects the
insured for material damage that may be caused to third parties for an insured
amount of $ 100,000.00 pesos and physical damages to the occupants of the other
car for $ 50,000.00 pesos. However, if third party injuries exceed the insured
amount, the rest must be covered by the insured car driver.
Risks
it covers
Civil Liability Coverage Civil Liability Property and
people Assistance: Legal, Road and Travel Medical Expenses to Occupants Total /
partial theft Material damage Coverage and additional benefits Adaptations,
conversions and / or special equipment
Considering this option as the only protection is not the
most recommended but it is essential. Since it has the minimum coverage to be
able to circulate and perhaps it is more convenient, think about an auto
insurance that meets your requirements.
It is important to remember that just as all insurance
packages offer different guarantees and benefits, the company you choose also
take into account factors such as where you park the vehicle, the area you are
driving in, the model and the version of the same to assess the risk. . So we
must take into account the exclusions, since they will determine the decision
of the risk to be covered. For this reason it is always important to compare
with several companies and ask which ones they are; since in case of accident
the adjuster will apply all the established terms.
