from Bilz Insurance
The right auto insurance policy can help get you back on the road quickly if your car is damaged or destroyed by accident, fire, theft, or other covered event. Your policy also provides protection against medical and legal expenses resulting from injury, loss of life, or property damage caused by an accident involving your vehicle.
An auto insurance policy is a contract between you and an insurance company. You pay a premium, and in exchange, the insurance company promises to pay for specific car-related financial losses during the term of the policy. Work with one of our experienced Account Managers to determine the best car insurance coverage option for you.
In some states, to drive you must carry:
Even in states where coverage isn’t required, drivers must, by law, be able to pay for losses they cause others. Having car insurance is the simplest way for most people to comply.
To finance a car, it is usually necessary to have insurance which covers damage to your vehicle. This includes:
Collision insurance coverage pays for damage caused to your vehicle in an automobile accident. Standard collision coverage will pay for any repairs up to the fair market value of your car. Collision coverage usually also comes with an insurance deductible. It's the amount of money you pay toward repairs before your collision insurance kicks in. The higher the deductible you're willing to pay, the less the collision coverage will cost.
Comprehensive coverage is very similar to collision coverage - the main difference is that comprehensive covers damage caused to your vehicle caused by any unknown party or "act of God". Vandalism, flood, hurricane, theft, windshield damage and fire are all events usually covered by comprehensive automobile insurance. Like collision, comprehensive will pay up to the fair market value of your car (less your insurance deductible). However, Kentucky law prohibits the application of the deductible to any safety glass claim. And although it's not legally required by any state, you will probably need it if your car is financed.
In a perfect world there would be no need for UM coverage; however there are still quite a few people out there who still haven’t discovered the importance of buying adequate auto insurance. You never know who’s going to cause your next accident. UM can help you rest assured that even if they aren’t covered, you will be.
UM insurance will pay for a broad assortment of expenses you personally incur at the fault of an uninsured driver. While it’s true that some expenses like medical costs may also be covered by your health insurance, others may not be. These expenses include disability income, injuries to passengers, and non-economic losses like pain and suffering.
UIM insurance works just like UM insurance. The difference between the two coverages is that UIM insurance is for the at-fault driver that has limits that are less than yours. Think about you, if you have limits of $300,000 for injury you may cause to a third party, why would you carry less than that for when another party causes injury to you?
UIM insurance will pay for a broad assortment of expenses you personally incur at the fault of an underinsured driver. While it’s true that some expenses like medical costs may also be covered by your health insurance, others may not be. These expenses include disability income, injuries to passengers, and non-economic losses like pain and suffering.
Every person is unique. Talk to us today to find out how to get the best price and value on Kentucky auto insurance for you.
We know how to find discounts on auto insurance you may not find on your own. Give us a call, or get a quote online today.
Your current insurance may not cover you fully in the event of a catastrophic loss. Learn more.
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