Sugar Land Auto Insurance – At a Glance

Understanding auto insurance is really the only way to make sure you’re protected. Auto insurance is basically a contract between you and your insurance company that guard you against potential financial loss should an accident or damage occur. This protection is usually mandated by law and many states have laws requiring owners of automobiles to have at least minimal auto insurance coverage. However, for many people this coverage can be hard to understand and even more difficult to obtain. There are a number of different types of auto insurance, and each has its own rules and regulations. Here we’ll discuss the four types of auto insurance and what they cover. I strongly suggest you to visit Sugar Land Auto Insurance to learn more about this.

The first type of auto insurance, and probably the most common, are liability auto insurance. Liability covers medical bills, damages to another person’s property, and funeral expenses in the case of death. If your policy limits or does not cover the full amount of the claim, the other party may not be compensated as well, and you could end up paying the other party’s entire claim. In the event of a death, liability coverage typically pays the remaining balance due on the auto insurance policy.
Collision coverage pays for repairs or replacement of your vehicle if you’re involved in an accident that was your fault, but your vehicle doesn’t lose any value during the repair process. It also covers the cost of lost income, repair costs, and may pay for your lost time away from work if you are disabled. Both collision and liability policies have deductibles, which means that you will have to pay them yourself should you have a claim, which can raise your premiums.