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Questions to Ask Insurance Companies

Questions to Ask Insurance Companies

Buying car insurance is something that most people will do at some point in their lives. Many do not know what to consider when shopping around for insurance coverage for their vehicles. There are many Dallas insurance companies that specialize in offering various insurance products. Car insurance is one of them, and they are able to answer some of the common questions asked about car insurance coverage. Here are five questions commonly asked by shoppers about car insurance and how they will be covered.

What Is Considered an Adequate Amount of Coverage?

There is a familiar term called “full coverage” that many people assume means they are fully covered from the liability and cost of an accident. No one can ever be fully covered from an accident, but they can ensure they have adequate coverage to mitigate their risk exposure. A good insurance agent will work to access risk levels and recommend a set of coverage that will greatly mitigate a person’s liability risk and ensure they have adequate coverage for their vehicle. Most states require drivers to have property damage coverage or liability coverage for their vehicles. This protects others and their property in the event of an accident up to the policy holder’s policy limits. In addition, buyers will have the ability to add coverage that will strengthen how they can be indemnified or made whole after an accident. Additional coverage would include collision and comprehensive coverage, uninsured and underinsured motorist insurance, and options for medical coverage.

Where Can Insurance Shoppers Maximize Their Savings?

There are many factors that can affect the cost of an insurance premium. Some factors can be controlled while others cannot. Shoppers can find cost savings by bundling other insurance products with their auto insurance policy such as renters insurance or homeowners insurance. They can also find discounts by having multiple cars, a good driving history, and in some states, a good credit rating can lead to a lower premium. Shoppers can also find savings through safety discounts such as anti-lock brakes, theft systems, or a defensive driving course.

Is There Coverage If Someone Is Injured or Dies in an Accident?

One can never be too prepared to manage the injuries another person has from an accident. An auto insurance policy is designed to protect vehicle owners in accidents that involve the injury or unfortunate death of another individual. An auto policy will have bodily injury coverage if elected. In some states, this is a requirement. The insurance agent will go over the coverage limits that will be suitable for the shopper and their level of risk. They will also be able to discuss coverage options that would protect them in the event of an accident. Some options to consider are:

  • Personal Injury Protection
  • Work and Income Loss Coverage
  • Accidental Death Benefits
  • Medical Payments Coverage

How Much Money Could a Policyholder Pay Out of Pocket from an Accident?

Most auto insurance policy will carry a deductible of a selected amount. That amount can vary from as low as no deductible to as high as $2000 or more. The deductible is the amount a policyholder would be responsible for if they must use their coverage to pay for damages. Should they have an accident, the policyholder will pay any damages up to the amount of their deductible and in excess of their policy limit. If the driver of the policy holder’s vehicle is at fault for the accident, their liability coverage will pay for any damages that the insurance company determines they are liable for up to the policy limits.

Do All Policies Include Towing and Lockout Services?

This type of coverage is typically referred to as roadside assistance. Lockout services may vary from policy to policy and could incur additional fees. Most policies will have roadside assistance available as an additional option added on to the standard coverage. Most Dallas insurance companies offer roadside coverage options.

Shoppers should sit with an agent and be prepared to discuss their lifestyle and driving situations, persons living in their household and their driving habits. Dallas insurance agents follow the guidelines for the state when issuing coverage to potential policyholders.