All you need to know about Auto insurance coverage

January 31, 2017 · Posted in General Articles on Car Insurance 

Does it seem like insurance is more complicated than that maze of wires behind your desk? You’re not alone; many people find that getting the right insurance coverage is tricky, to say the least. As a business owner, you have millions of decisions to make every day. You don’t need to be tied up worrying about insurance. Take it from me that any business owner who chooses not to get insurance for their business is putting their company at risk of loosing money under bad circumstances.

That’s why GEICO makes commercial insurance for your fleet as simple as pie so that you can spend more time building your business and less time worrying about insurance. If you use a commercial vehicle, you may need commercial auto insurance. It’s similar to personal auto insurance but may differ in coverage, exclusion and limits.Other types of commercial insurance include crime insurance, tenant’s insurance, errors and omission insurance and more.

This section pays for the other driver’s injuries and vehicle if you caused the accident. There are several areas in the liability section.The first area is bodily injury. This coverage makes payment for medical expense that people are injured in an accident that you caused. The coverage includes coverage for representation if that person decides to sue.This is broken down into two sections, per person maximum and per occurrence maximum.

The coverage shows up on your policy in number form, such as 25/50/10, and is the first two of three numbers. Some policies simply show a maximum paid for both bodily injury and property damage and expressed as a single number like $100,000. The next area of liability is property damage to others. If your car runs into another car, a fence or causes any type of accident, any damage caused to the other vehicle or property comes from this section.

It is the third number in 20/40/10.The last section of the liability portion is medical payments to others. This coverage includes the driver, passengers and even covers you as a pedestrian if you or a family member has injuries from a hit and run.The final is the uninsured/underinsured motorist coverage. Just like your liability coverage, it takes the place of the other driver’s lack of insurance to cover you.

Living in America you will defiantly need insurance, so people need to take it upon there self to get that. A person with out insurance is like a child without a mother, because in the long run you’ll lose out .You should interview several different agents and choose the one that best suits your needs. So you make the call and get insurance to make it easy on your loved ones.

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