How Auto Insurance Works

​It's easy to become confused by your vehicle insurance coverage or auto insurance. But how does vehicle insurance function in practice? If this question is frequently on your mind, you probably need to continue reading as here's what you need to know about your auto insurance and how it may aid you in a road emergency.

The Purpose of Your Auto Insurance
If you don't have your car insurance, you will pay for expensive charges out of your pocket. As a result, this may leave your real valuables in jeopardy. 

However, lucky for you, you have your car insurance to protect you financially, physically, and even legally. Specifically, your insurance will help you with the following using specific coverages.

1. Events Beyond your Control
   Comprehensive coverage protects your automobile from damage caused by situations beyond your control, such as windshield and glass damage, robbery, fallen trees, vandalism, and more.
   
   
2. Damage to Other Vehicles
   Liability coverage can pay for any damage towards other cars, items, injuries to other drivers and their passengers, and litigation if you're sued as a result of an accident if you're found at fault.
   
   
3. Personal Injury Protection (PIP) or Medical Payments
   Personal injury protection is a more extensive coverage that is only accessible in places that require it to be supplied. On the other hand, medical payments coverage is available in most states. 
   
   
4. Collision
   If your car overturns or collides with another vehicle or object, such as trees, guardrails, or fences, collision coverage may protect you.
   
   
5. Damages Caused by an Uninsured Motorist
   When you and your passengers are hit by a motorist who has no insurance or insufficient coverage, UIM, or Uninsured/Underinsured Motorist Bodily Injury (UIM), can compensate for your injuries and those of your passengers. 
   
   On the other hand, if your car is damaged in a collision with an uninsured or underinsured motorist, UMPD or Uninsured/Underinsured Motorist Property Damage may be capable of paying to repair or replace it.

How Does it Work?
Your automobile insurance covers damage to another person's property or injuries to other individuals caused by your vehicle.

By making a claim, you set your auto insurance in action. Your insurance will compensate you for the amount of damage you caused as well as any damage to your vehicle.

The Closing Statement
Having enough understanding regarding your automobile insurance coverage can safeguard your automobile, and your money and even give you peace of mind.

At Insurance Marketplace, Inc., we aim to provide comprehensive insurance policies that make your life easier. We want to help you get the insurance that fits your needs. You can get more information about our products and services by calling our agency at (541) 779-0177. Get your free quote today by CLICKING HERE. Coverage discussed in this article is not guaranteed. Please contact our agents today to ensure that your needs are being met and learn more about your policy. We are happy to help!