Sunday, May 4, 2014

Items Your Car Insurance May Cover That Saves You Money

Car insurance is more than just a requirement, it is also a financial product that can save you quite of bit of money when you have the right coverage. As you are comparing auto insurance quotes, it is important to compare all of the coverage options so that you build a policy that does more than just satisfy state requirements. If you are a wise consumer, you can build a policy that saves you money in several different areas of car ownership. Here are five ways that you can save with a comprehensive policy: 

Rental Car Costs


If you are involved in an accident and your vehicle is disabled for 1 or more days, the cost of renting a car while your vehicle is being repaired can break the bank. Insurers offer loss of use, otherwise known as rental car cover, which will pay for a rental up to a specified amount per day. This can save you quite a bit when you need a replacement vehicle to commute or run errands. 

Windshield Repairs and Replacements


Windshields are made of glass, and from time to time glass will break or crack. Because a crack is an obstruction that can affect visibility, insurers will cover the cost to replace windshields minus the policy's comprehensive deductible. As long as you get repairs done through an approved glass company, you can have the claims payment sent directly to the glass company. For example, All-West Glass Ltd., a company offering windshield repair in Edmonton, will file glass claims for their customers to make the process as easy as possible. 

Body Damage Repair


There is nothing worse than being at-fault for a fender bender and not having collision coverage. If you have collision coverage, you will have peace of mind in knowing that the cost to replace body parts and repaint your vehicle will be covered. You may have to pay a deductible, but this is a far cry from having to pay for the entire bill. 

Towing and Roadside Assistance


You do not have to sign up for the CAA just to be safe when stranded on the side of the road. If you need a tire changes, gas delivered or a tow, having Roadside Assistance cover on your policy is a blessing. By calling a designated number, you will have a covered service call that will not cost you a pretty penny. 

Personal Injury


Personal Injury Protection or PIP, is something you can add to your car insurance that covers medical expenses and many times, lost wages. Having Personal Injury Protection insurance helps you receive maximum benefits whether or not the accident was your fault. Personal Injury Protection can also cover medical transportation. 13 states in the US make it mandatory to have Personal Injury Protection insurance: The District of Columbia, Florida, Hawaii, Kansas, Kentucky, Massachusetts, Michigan, Minnesota, New Jersey, New York, North Dakota, Pennsylvania and Utah. 

Help Pay Your Loan/Lease


If you have financed or leased a car and the amount you owe is greater then its worth, Loan/Lease Pay-Off coverage will help pay the difference if you car is totaled. This makes it easier for you to buy a new car and have more money in your pocket.

Insurance may be an expense in some ways, but it also an investment in peace of mind. If you ever need to file a claim, you will be happy that you made the choice to carry optional cover that keeps your long-term expenses low.

1 comment:

  1. Car insurance is very helpful in wide range of situations. But there are still cases when contributions to the insurance company make a drain on the wallet. You may never need the cover because no any accidents happen. And if some small repairmen is required instant payday loans online may cost much less then insurance policy.

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