subject: Understanding What Auto Insurance Benefits Mean For Consumers [print this page] Not all car insurance benefits are alikeNot all car insurance benefits are alike. They may vary by the place where one lives as well as the company that issues the policy. When drivers want or need a certain benefit they should ask the company if it is included in the coverage. If not, it may be possible to add a rider on the document so it is included with the policy.
Many carriers offer automatic extension of the same coverage on an existing vehicle to a new one for up to thirty days, even if not notified of the change. This allows individuals to purchase new cars on the weekend and wait until the start of the business week before contacting the company and allowing the driver to bring the car home. Vehicles that are financed require a binder before leaving the lot due to lender requirements.
Often companies offer some reimbursements for travel expenses of drivers unable to reach their destination due to an accident. The expenses may cover lodging, commercial travel or a rental vehicle. The agent can fill in the requirements for policy holders wanting to claim this benefit. In addition, many policies also provide coverage of any personal effects, such as luggage or clothing damaged in the accident.
While drivers assume the policy will pay for injuries from the crash and repair of vehicles, drivers with full coverage find there are more things the company will cover. The goal of the company is to help everyone affected by the crash to get back to normal as soon as possible.
The driver's coverage is automatically extended to others operating the vehicle in many cases. A relative living in the same home can drive the vehicle with or without permission and be covered. Coverage is extended to anyone the driver gives permission to use the car.
When two vehicles covered by the same company crash, the company waives the deductible for both. This clause is very beneficial to drivers. It is a great way to save a lot of cash normally needed to cover the repair.
If the insured party must testify in court because of the crash, he or she may be reimbursed for lost wages. While the total paid is limited, it is helpful to many. It can help to make ends meet in a financially difficult time.
If a vehicle is vandalized or stolen, the carrier may pay travel expenses by policyholders due to the crime. Carriers often have a waiting period before this clause is available. Ask the agent to provide additional information if needed.
A policy may also provide bail bond services. With this clause, proof of coverage is presented to the bail bond company for traffic-related arrests. Be sure to understand the limitations of the coverage concerning bail bonds before it is needed.
Along with the car insurance benefits that protect a policy holder from financial loss from an accident, the coverage has many other features. The documents supplied at the time the coverage was purchased should outline all the features. Each benefit, along with the limitations, if any should be published in the document. A company representative can also supply answers to consumer questions.
by: Jenifer Whitmire
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