17 Perlman Dr, Suite 203,
Spring Valley, NY 10977
New York state law requires that motorists carry a minimum amount of liability insurance. If you are embarking on a mission on shopping or buying a new car in Spring Valley, NY it's imperative to understand the common types of coverages available on a car insurance policy. The minimum amount of liability required by New York state is not enough to cushion you from paying out of pocket for injuries and repairs when a disaster strikes.
It's vital to evaluate and obtain additional coverages to assess and obtain other coverages to salvage your hundreds of dollars if you are involved in an accident or affected by a given peril stipulated in your policy document. Auto insurance provides coverage for property, liability, and medical cost payments. The auto insurance policy covers you and other family members listed on your policy whether you are driving your car or someone else's car with their consent.
The auto insurance policy only covers personal driving, commuting to work, taking a trip, or running errands. It's crucial to know that your auto insurance policy does not provide coverage if you engage your private car for commercial purposes. Visit our Edouard Insurance Agency Inc in Spring Valley, NY offices today and get the insurance quote of your choice.
When you acquire a quote, the insurance company uses a car insurance calculator to determine your cost. However, they also evaluate other different factors, such as:
Liability coverage: This policy is compulsory in all states, including New york. Every driver is legally required by law to buy the minimum amount of liability coverage stipulated by a given state. It has two components:
Bodily injury liability: This policy caters to the costs of another person's injuries if you are at fault in case of an accident. It can also covers injuries of family members listed in your policy document.
Property damage liability: This coverage helps you pay for damages you cause to other people's property while driving. It can cover you when you cause an accident while driving someone else's vehicle with his/her consent.
Un-insured and under-insured motorist coverage: This form of cover caters for cost related to injuries or damages to you or your automobile in an accident in case the other party is uninsured or underinsured.
Comprehensive coverage: This type of coverage protects against damages and losses in the accident apart from collision. The covered perils include explosions, fire, theft, falling objects, and damage by hailstorms. It does not cover damages arising from animal contact.
Medical payment coverage (MPC): This provides medical bills for you and your passengers in your vehicle at the time of the accident. It can also extend coverage for lost wages, medical payments, and funeral costs.
Personal injury protection (PIP): This policy provides coverage for your injuries, family members, and anyone boarding your vehicle regardless of who caused the accident.
Gap insurance coverage: It is also referred to as loan or lease pay-off. This optional policy is applicable when your vehicle is badly damaged or stolen. It pays for the difference between your current car's worth and the remaining lease or loan amount.
Collision coverage: This is an optional type of policy that caters to losses and damages from a collision with another vehicle, post, fence, potholes, tree, rock outcrops, or any other object.
Are you a driver or an automobile owner in Spring Valley, NY? Feel free to call us or visit Edouard Insurance Agency Inc offices to get detailed information about an auto insurance policy.