Austin brought his Delorean to Christy Nail, the owner of Anthony Insurance in Viera Florida, to discuss how to properly insure his vehicle.
From Anthony Insurance’s Website:
What is Auto Insurance
Auto insurance is what protects you from financial loss incase of an accident. It serves as a contract between you and your insurance provider, which stipulates that you will pay the monthly premium and the insurance company agrees to pay your losses as defined within your policy.
Auto Insurance Provides 3 Coverages:
Property Coverage: Damage to or theft of your car.
Liability Coverage: Your legal responsibility to others for bodily injury or property damage.
Medical Coverage: The cost of treating injuries rehabilitation, lost wages, and sometimes funeral expenses.
Auto insurance policies are comprised of six different types of coverage. Most state laws require you to buy some, but not all, of these coverages. When financing a car, your lender may have their own coverage requirements.
Why Do I Need Auto Insurance?
Auto insurance is about protecting yourself financially.
- If you’re in an accident or your car is stolen, it can be extremely expensive to repair or replace it.
- If you or any passengers are injured in an accident, medical expenses can pile high quickly.
- If you or your car is responsible for damage or injury to others, you may be sued for more than you are worth.
- Not only is having insurance a prudent financial decision, but many states require you to have at least some.
Questions For Your Agent
At Anthony Insurance Agency, we will be glad to find an auto insurance that meets your specific needs. Here are several items to consider as you prepare for our discussion:
- How much can you afford to pay if you get into an accident? (In order to keep premiums low, you might want to have a high deductible and be willing to pay more for repairs.)
- What is the insurance company’s level of service and their ability to pay claims?
- What discounts are available? (Ask about good driver, multiple policy, and student discounts.)
- What is the procedure for filing and settling a claim? (Ask who to call and what happens after you file a claim.)
Auto policies typically last six months or a year. Your insurance company should alert you through mail when it’s time to renew your policy and pay the premium.
