Introduction
Getting into a jam doesn’t have to happen if you know if your insurance floats! I was offered this pearl of wisdom immediately after my first fender bender (not catastrophic).
At that moment, I laughed out loud.
A car accident turned my day upside down, but not before I realized the importance of understanding my insurance policy in detail. If you’re like most people, you may believe that a collision fully protects you. There is, however, an exception to that rule.
If you don’t know what you are paying for, you could end up paying more. A savvy approach to insurance yields a number of benefits, and this article debunks a few myths.
Table of Contents
You Should Know About These Types of Coverage
There is no uniformity in insurance coverage. I’ll give you a quick overview:
Coverage for Liabilities
In the event you are at fault, this is where you should turn. Medical expenses or damages to another person’s vehicle are covered. You don’t need anything else, but it’s not enough.
Coverage for collisions
This is your own personal safety net. Regardless of who is at fault, this plan will ensure that you get your battered vehicle repaired.
Our coverage is comprehensive
Your car is damaged by a falling tree? Has there been flooding? Coverage that covers everything is like a superhero for you. It is not necessary to have an accident.
Motorists who are uninsured or underinsured
The number of people driving without insurance is shocking. As a sort of friend who never leaves you without cash when you don’t have your wallet, this coverage comes to the rescue in case you get hit by a driver.
When you know which type you have in your life, you can determine if you’re having an enjoyable time or if you’re on the verge of financial disaster.
Benefits of Being Insurance-Savvy
Knowing you are covered offers more benefits than just peace of mind. Having a spare tire on a rural highway is like being prepared when a tire blows out.
It also reduces your chances of getting backstopped by those nerve-wracking, gut-wrenching surprises when you fail to read your insurance policy or your insurance company forgets to cover a “tiny detail”.
As an example, consider motorcycle riders. Due to the risks involved in accidents, there can sometimes be complex claims. Despite sharing partially fault in motorcycle accidents, you can still recover damages in states like Illinois. Skeptics gasp in agreement.
Motorcycle accident lawyers can help riders interpret their insurance policies when it makes sense to fight them.
Motorcycle accident attorneys can help if you’ve been involved in an accident with a motorcyclist. Typical questions they handle include, “Was the driver at fault? ” The answer is often yes. Occasionally, however (surprise, some states do not) they aren’t.
The benefits of working with experienced legal experts include maximizing your insurance reach and avoiding insurers’ blame games. The best of both worlds!
Insurance Myths (And Why They’re False)
The following are a few insurance myths you need to know about.
Myth #1: Everything is covered by full coverage
No, not quite. It’s easy to believe that a policy with “full coverage” covers every possible scenario, but that’s far from the truth. Make sure you read your policy’s exclusions carefully!
Myth #2: Car colors affect insurance costs
I always laugh at this one. Red convertibles don’t matter unless they come with a “speed demon” mode. Other real-world factors include driving history and claim records.
Myth #3: Insurance covers everything
When you don’t know your rights, insurance companies can dodge inflated reimbursements. A skilled legal expert can make all the difference in your case if you have been injured in a motorbike accident or any significant accident.
Final Thoughts
You should always consider what’s at risk when you receive an avalanche of insurance paperwork, including your life, your financial security, and your peace of mind.
Don’t fall for insurance myths, understand your coverage details, and make sure you are covered. It can be stressful when you don’t know what to do and are without legal advice, but with knowledge and the right legal counsel, you can succeed.
