With California auto insurance, the law requires you have at least minimum Bodily Injury Liability insurance on your vehicle. Lien holders will also require Full Coverage. You owe it to yourself, your family, and your financial security to have the best possible coverage for your vehicle.
Liability coverage pays for your legal responsibility to others by paying the expenses of property damage and passenger medical expenses in an at-fault accident. With the cost of cars today, it is wise to examine your liability coverage closely to be sure you are able to cover the cost of repairing or replacing the other party's vehicle.
Medical Payment, or PIP (Personal Injury Protection) pays for treatment of injuries to the driver and passengers of the policyholder's car. It can cover the cost of treating injuries, rehabilitation, sometimes lost wages, the cost of replacing services normally performed by someone in an auto accident, and some funeral expenses.
Uninsured Motorist Coverage will pay the policyholder's medical treatment for injuries as a result of a collision with an uninsured motorist. Underinsured motorist coverage comes into play when an at-fault driver has auto liability insurance, but the limit of insurance is inadequate to pay for your damages. If you have financed your vehicle, your lender may require you to carry full coverage on your vehicle. With full coverage, in the event of an accident your vehicle will be repaired or replaced after the deductible is met. Full coverage consists of Comprehensive and Collision coverage and towing and rental car coverage are available at an additional premium.
Comprehensive coverage is basically anything happening to your vehicle other than an accident. Some examples of comprehensive coverage are glass breakage, hail damage, theft, fire, falling objects, earthquakes, or floods. Common deductibles for comprehensive coverage are $0, $100, or $250. Collision coverage will pay for any repairs up to the fair market value of your car. It covers the damage to the policyholder's car from a collision, whether with another car, a light post, a fire hydrant, etc. Common collision deductibles are $250, $500, or $1,000.
Our team of professionals at Brighton Financial and Insurance services can help guide you to the coverage which will be best for you.