Auto Liability Insurance
Insurance! Every car owner in New York needs it. No one really anticipates accidents. Very few people actually look forward to one. And yet, despite your wishes on the contrary, accidents are bound to occur given enough time. Common sense and experience suggest that when this does happen you are better prepared to pick up the pieces. That is where insurance comes in.
Most states demand that car owners possess at least liability insurance coverage. This is the basic protection provided by insurance companies. Liability coverage provides relief for the affected party but not the policy holder. What this means is if you get involved in an accident, financial relief is provided for the victim but you are ineligible for either vehicular or health related aid. There are instances when this rule does not hold. If the affected victim lives in the same address as you then the claims cannot be made. Liability coverage is also applicable if you rent a car. If you get involved in an accident whist driving the car the policy still holds. However it is important that you be driving and responsible for the accident. Liability insurance does not cover cases where you are a passenger.
Liability coverage can be provided for either Property damage or bodily injury. Like the name implies, property damage provides cover for damage against property. For instance, a driver runs into a wall and damages it. Property damage means successful claims can be made towards the repair of the wall. However the repair of the car is not covered. Personal damage is similar in concept. Only in this case it concerns the involvement of injured persons in the course of an accident. Personal damage covers the treatment of the wounded persons excluding the policy holder.
Because Liability coverage does not affect the policy holder it is usually advisable to settle for full coverage. Full coverage comprises of collision coverage which covers damages resulting in a collision for both parties ( you and the other party) and comprehensive coverage which provides vehicular damages outside of collision ( i.e. a tree falls on the car, or your car gets destroyed in a hurricane). By combining both it is possible to achieve reasonably secure coverage. Deciding on which type of insurance you require will depend on your needs and wants.
Price is usually the defining reasons behind people's choice for liability coverage. Some people find that they simple cannot afford the rates required for higher coverage. However, there are some options that can aid in financial relief. By researching the various companies around your area, it is possible to find insurance companies that provide discount options that are applicable to you. Discounts are usually provided for car drivers with good safety records and safely equipped cars. By using discounts, you will find rates that are cheaper and thus get better coverage value for your dollars.