UG Insurance Brokerage Inc Blog
Insurance is an asset to have in your life. It would help if you had it, and you're going to need it for the rest of your life. But when you get into an accident, how do you know if your state requires insurance? Although many states require insurance by law, there are often differences in coverage among different states.
Required Coverage For Your Car
Your car insurance policy will generally include several important components, including comprehensive coverage, liability coverage, and excess coverage. The basic liability package typically includes property damage liability, bodily injury liability, and a few additional coverages.
It's important to understand what all of these coverages include before you purchase a policy. Some coverages will vary depending on the state you live in, while other coverages are mandatory and cannot be avoided.
Types of Car Insurance
Optional coverage for your car
One of the most popular types of coverage provided by automobile insurance policies is property damage liability. This coverage can help you recoup financial losses if your car is damaged due to an accident.
If you are not the vehicle owner in which the accident occurs, a personal injury protection (PIP) policy may be required by your state. PIP policies offer financial coverage for medical care, medical bills, and rehabilitation and recovery costs related to injuries sustained due to an accident.
How insurance works in different states
Your insurance policy might either be state-mandated or not. If your state requires auto insurance for your car, you will be obligated to purchase a policy from an insurance company that meets those requirements.
In the case of insurance that isn't state-mandated, you'll usually be required to pay a premium for an automobile insurance policy with a minimum or maximum limit.
There are a lot of ways to protect yourself from legal and financial trouble caused by auto accidents. Although using a policy is an excellent way to cover the basics, you can take many other safety precautions.
At UG Insurance Brokerage Inc., we do our best to ensure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (718) 848-7777 or Click Here to request a free quote.