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John from Princeton asks, how Much auto insurance
coverage Do I Need? Answer: How much auto insurance
coverage you need depends on a variety of different factors.
In order to make an informed decision, you need to consider
the various risks that you, your passengers, and your auto
are likely to face. You also need to consider the amount
of assets you have to protect.
Betty from Paterson asks, What is collision
coverage?
Answer: Collision coverage is an important part
of your auto insurance policy. Collision coverage helps
pay for auto repair or replacement costs if your car rolls
over or if your car hits another vehicle or object. When
you buy your auto insurance policy, you will be asked to
set your deductible for collision coverage. For example,
if you set your deductible at $1,000, this decreases your
auto insurance premium payments, but you will be required
to pay for any damages up to $1,000 should your car need
to be repaired or replaced.
Ricky from Toms River Asks, What is comprehensive insurance?
Answer: Comprehensive coverage is an important part
of your auto insurance policy. Comprehensive coverage helps
pay for damage resulting from falling objects, fire, certain
natural disasters, and vandalism. Comprehensive coverage
also generally covers theft.
Jack from Cherry Hill asks, What is liability
coverage?
Answer: Liability coverage is an important part of
your auto insurance policy. Liability coverage helps you
compensate others for their losses if you are responsible
for injuring another person or damaging another person's
vehicle or property. Liability coverage also helps you pay
the costs of related lawsuits. The two main types of liability
coverage in your auto insurance policy are bodily injury
and property damage coverage.
Lizzie from Cape May Courthouse asks, What Is Uninsured
or Underinsured Motorist Bodily Injury Coverage?
Answer: Uninsured motorist bodily injury coverage
is an important part of your auto insurance policy. Uninsured
motorist bodily injury coverage pays for medical expenses,
lost wages, and other general damages when auto insurance
policyholders, authorized drivers, or passengers are injured
in an accident caused by a driver who has no insurance.
Uninsured motorist coverage may also pay for injuries sustained
in hit-and-run accidents. This type of auto insurance coverage
generally pays up to the limit you buy as a part of your
auto insurance policy.
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