subject: Terminate High Auto Rates Boynton Beach Florida [print this page] Medical Payments, PIP, and No-fault coverages Medical payments (MedPay) coverage will pay for you and your passengers medical expenses after an accident. These expenses can arise from accidents while you are driving your car, someone else car (with their permission), and injuries you or your family members incur when you are pedestrians. The coverage will pay regardless of who is at fault, but if someone else is liable, your insurer may seek to recoup the expenses from him or her.
Personal Injury Protection (PIP) coverage is an extended form of MedPay. PIP may cover expenses that are related to injury, but not necessarily medical, such as lost wages, childcare and funeral costs. PIP coverage is currently required by sixteen states. If you are already insured under a good health insurance policy, then fortunately, there is no need to buy more than the minimum required amount of PIP or MedPay insurance. If you have a good health insurance plan, there might be little need to buy more than the minimum required PIP or MedPay coverages, if at all. And, if you already have disability insurance, there is little reason to purchase higher-than-minimum amounts of PIP.
Uninsured/Under-insured Motorists Coverages Uninsured motorists (UM) coverage pays for your injuries if you are struck by a hit-and-run driver or someone who does not have auto insurance. It is required in many states. Under-insured motorists (UIM) coverage will pay out if the driver who hit you causes more damage than his or her liability coverage can cover. In some states, UM or UIM coverage will also pay for property damages. Similarly, under-insured motorists insurance will cover any damage caused when you are struck by a driver who is not insured for a sufficient amount. Try Boynton Beach Car Insurance
If you are hit, as a pedestrian, under-insured coverage will cover the expenses. Uninsured motorists insurance is currently required by twenty states, and Under-insured motorists coverage is required by only four: Connecticut, Minnesota, Maine, and Vermont. You will probably want to have at least the minimal amount of UM/UIM because if you can not find the other driver, you will at least have some coverage for pain-and-suffering damages. Add-on Features Several supplemental auto coverages are available, either as separate premium items or included in augmented policies. Rental reimbursement, a common add-on, covers vehicle rentals required because your car is damaged or stolen. Coverage for towing and labor charges in case of a road breakdown is also common. Gap coverage for your new car will pay the difference between the actual cash value you receive for the car and the amount left on your car loan if your vehicle is totaled in an accident.
If your car is worth less than what you are paying for the coverage, you are better off not having it. Neither collision nor comprehension insurance is required by any of the states, but some lenders, when the owner finances the car, may require the purchase of collision and comprehensive in the loan agreement. Even when it is not required, collision and comprehensive coverage is highly recommended by the insurance industry, so that in the unforeseen event of damage or theft, the owner of the car can avoid heavy bills. Theft of cars is not as unusual as some people may think. In 2004, a car was stolen in the United States every 26 seconds, and a car had a 1 in 190 chance of being stolen. For a low rate on car insurance Visit Boynton Beach Car Insurance for cheap auto rate on car insurance.
by: Nick Riley
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