Whether your car is aging and you’re questioning your coverage needs, you’ve bought a new vehicle you need insured or you just want to price shop your current auto insurance Papay Insurance is here to help those in South Carolina and Georgia with all their auto insurance needs.
First it’s important to understand what type of automobile coverage you need. Full coverage car insurance typically includes a combination of liability coverage, collision coverage, and comprehensive coverage.
Here’s a breakdown of each:
1. Liability Coverage: This covers damages and injuries you cause to others in an accident. It includes bodily injury liability, which pays for medical expenses, lost wages, and other damages to other people if you’re at fault in an accident, as well as property damage liability, which covers damage you cause to another person’s property.
2. Collision Coverage: This pays for damage to your own car in a collision, regardless of who is at fault. It’s particularly useful if you have a relatively new car or a car that would be expensive to repair or replace.
3. Comprehensive Coverage: This covers damage to your car caused by events other than collisions, such as theft, vandalism, natural disasters or hitting an animal.
“Full coverage” is a term that generally refers to having all three of these coverages on your policy. It provides the most extensive protection for your vehicle and others involved in an accident.
On the other hand, liability coverage only covers damages and injuries you cause to others. It does not cover damage to your own vehicle in the event of an accident or other covered incidents. Liability coverage is typically the minimum coverage required by law in most states.
Deciding between full coverage and liability coverage only depends on various factors including:
1. The Value of Your Vehicle: If you have a newer or more valuable car, full coverage might be a better option to protect your investment.
2. Your Financial Situation: Full coverage insurance premiums are typically higher than liability-only coverage. If you’re on a tight budget or have savings to cover potential damages, liability coverage might be more suitable.
3. Your Risk Tolerance: If you’re comfortable with assuming more risk in exchange for lower premiums, you might opt for liability coverage only.
4. State Requirements: Some states may have specific requirements for minimum coverage levels, which may impact your decision.
Contact us at Papay Insurance to discuss and determine the most appropriate coverage for your needs. We are here for you!
Give us a call today (843) 476-4805.
