UG Insurance Brokerage Inc Blog
Having the basic coverage of auto insurance is mandatory by most states, as this will not only provide you with protection in case of a car accident, but the people who got hurt in the accident will be covered as well. But would this be enough? What are its options? Learn how the policy works and its basic coverages.
The Basics of Auto Insurances
An auto insurance policy is a contract between you and the company that will protect you financially in case of theft or an accident. In exchange for you paying for a premium, the insurance company will agree to pay for your financial loses, which are covered in your policy.
Here are some of the basic coverages of auto insurance:
This policy is mandated by most states in America, but the laws may vary from state to state. Therefore, before you purchase an auto insurance policy, you should first check your state’s laws to know which type of coverage is needed.
This insurance policy is often priced individually so that you can customize the amounts of coverage to suit your needs and financial budget. These policies are usually issued in six months or 1-year timeframe that are renewable. Therefore, when it's time for you to renew and pay for your premium, your insurance provider will send you a notice about it.
Who Would Be Covered Under the Policy?
Your auto insurance will cover you and your family members, whether you are driving someone else’s car or your own car. Your policy will also cover the person who is driving your car that has your consent, even if they are not on your policy.
Auto insurances will only cover personal driving like taking a road trip, commuting to school or work, or running an errand. However, your insurance provider will not cover you if you are using your vehicle for commercial things, such as delivering pizzas.
And those are the basic things about auto insurance and what it covers. The coverage is not limited to the ones above. Therefore, you should make your research about the kinds of auto insurance coverage that you can apply for.
At UG Insurance Brokerage Inc., we do our best in making sure 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.