The law requires all drivers to present proof of liability insurance when they register their vehicles. The minimum requirements are $10,000 personal injury protection (PIP) and $10,000 for property damage. PIP is also called no-fault insurance and will cover you regardless of who is at fault for the accident. PIP will also cover members of your household and passengers who don’t have their own vehicles. Those who are in your vehicle and have their own PIP insurance will be covered under their own policies. PIP coverage will protect you while you are in someone else’s vehicle or are a pedestrian and are injured in a crash involving a vehicle. One of the main reasons why the state has this type of insurance is to protect you from being sued. However, there is still a chance you can get sued, especially if there were severe injuries. In the event you are sued, bodily injury liability coverage is helpful. Bodily injury liability will pay for any injury or death to others when you cause a crash involving your vehicle. Your insurance company will pay for the injuries up to the limits and for legal fees if sued. This can also cover individuals who drive your vehicle with your permission. Property damage liability will pay for damages you and family members cause and are responsible for to other people’s property in a crash involving a vehicle.
The required coverage only protects your liability, so there are other coverage options to consider protecting your car. Collision coverage will pay for any accident-related damages to your car. Comprehensive coverage will pay for damages to your car that are not because of an accident, such as vandalism. Comprehensive and collision coverage may be required if you are financing your car. There is also coverage for rental cars while your car is in the shop and towing and labor coverage. An agent at Premier Brokers Corp can help you find the right coverage.
Contact Premier Brokers Corp to get a quote on auto insurance.