Vehicle Coverage For The Typical American Family
The typical American family has a few specific insurance policies for protection against unforeseen mishaps. In addition to health and life insurance policies, families are well served by carrying adequate auto insurance. An accident or unexpected source of damage can happen to any driver in the family. Auto damage is generally addressed through liability, collision and comprehensive coverage.
Car liability coverage pays for damage to the other vehicle in an accident. Lawsuits against the responsible party are also covered by liability insurance. Liability coverage is mandatory in most states, but the minimum amount of coverage required will vary.
The collision portion of an insurance policy pays for damage to the policy holder’s vehicle in the event of an accident or a collision with another object. The coverage may be used no matter who is determined to be at fault for an accident. Mailboxes, posts, trees and bridges are some objects with which vehicles commonly collide.
Comprehensive insurance is what covers damage from sources other than a collision. Theft, vandalism, animal collisions, and acts of nature that cause damage are covered under the comprehensive portion of a policy. Windshield cracks from other vehicles kicking rocks from the roadway, for example, would also be covered through a comprehensive policy.
When damage is relatively minimal, such as what is common with the need to repair auto glass, the typical American family will look at all cost considerations before filing a claim. They will assess the amount of the deductible, the amount the insurance would cover, and the potential for a hike in premiums. Depending on the circumstances, some policy holders might decide to pay for these types of repairs out of pocket. A review of the family’s auto policy can help to determine what is covered and whether to file a claim.