Optional Auto Insurance Coverages

Optional coverages for your auto insurance is worth looking into if you want additional protection. It provides many useful benefits that come handy in different situations.

Types of Optional Auto Insurance Coverages:

Medical Payments Coverage

This coverage covers the medical expenses in the event of an accident where you and your passengers have sustained injuries. If there is a fatality, this coverage covers the funeral expenses as well. It is actually inexpensive and important if you have limited or no health coverage at all.

Personal Injury Protection (PIP)

Similar to medical payments, PIP pays for the medical and funeral expenses of you and your passengers. However, it grants additional protection since it also covers your rehabilitation costs, loss of service and loss of salary due to injuries sustained in an accident. In short, PIP offers more coverage than the medical payments coverage.

Car Rental Coverage

Car rental coverage compensates for the costs you've incurred in renting an auto, including those that arose from an accident. It reimburses you a considerable amount for the repair costs of your auto, especially if it gets stranded in a repair shop. It is relatively cheap and very helpful if you are going to rent an auto.

Towing Coverage

This auto insurance coverage provides you with emergency services that include towing your auto if it breaks down or is rendered immobile due to an accident. It also covers the cost of the necessary repairs. Needless to say, it is vital if your auto is disabled.

Gap Insurance

Gap Insurance is highly recommended for consumers who are planning to buy a new auto. It covers the difference of the actual market value of your auto and what you still have to pay for it in case your auto is totaled or stolen. However, this is only vital during the early stages. That's why if the value of your auto drops below your remaining loan amount, you should consider canceling this.

Rental Car Insurance

Just like the car rental coverage, rental car insurance protects you from liability if the auto you've rented runs into in an accident. However, car rental coverage provides more perks.

Umbrella Insurance

In the event that your liability coverage gets worn out, umbrella insurance serves as an additional layer that is able to exceed your insurance limits. For this reason, it is as a valuable backup for auto insurance consumers.

Accidental Death and Dismemberment (AD&D) Coverage

This auto insurance coverage gives you even more protection. It enables you to get a fixed amount that helps pay for the treatment of injuries sustained in an accident. It also protects you substantially in the event that there is a loss of life.

Supplemental Spousal Liability Insurance

Chances are, your current auto insurance policy may not provide coverage for your spouse. That's why this insurance provides you with liability coverage should the passenger be your spouse during an accident.