Know the differences between auto insurance coverages:
Liability Coverage: Liability insurance is required by law in most states. It covers the costs associated with injuries or damages you cause to other people or their property while operating your vehicle. It does not cover your own injuries or damages to your own car.
Comprehensive Coverage: Comprehensive coverage is optional but highly recommended. It covers damages to your vehicle caused by events that are not collisions, such as theft, vandalism, natural disasters, or falling objects. If your car is financed or leased, your lender may require this coverage.
Collision Coverage: This is also an optional coverage that helps pay for damages to your car resulting from a collision with another vehicle or an object, such as a fence or a tree. Like comprehensive coverage, it is often required by lenders if your car is financed or leased.
Understanding these differences can help you make informed decisions about the kind of protection you need.
If you have any car insurance questions Merit Insurance Group is here to help! Call us at 708-845-5466 or visit our website at www.meritinsurancegroup.com