Icon

Auto

We browse through a wide variety of coverages and find the right one for you.

Get a Quote
Icon

Home

We browse through a wide variety of coverages and find the right one for you.

Get a Quote
Icon

Business

We browse through a wide variety of coverages and find the right one for you.

Get a Quote
Icon

Renters

We browse through a wide variety of coverages and find the right one for you.

Get a Quote
Icon

Flood

We browse through a wide variety of coverages and find the right one for you.

Get a Quote
Icon

Recreational

We browse through a wide variety of coverages and find the right one for you.

Get a Quote

Flat tirePeople buy auto insurance for different reasons. Some purchase insurance because their auto lender requires full coverage. Others buy insurance to help protect their vehicles and their assets in the event of an accident. It is important to understand your coverage type and policy limits to avoid any confusion later. Let's review some common auto insurance misunderstandings.

1. If You Loan Your Car to a Friend, You're Still Responsible

Many people think that if they loan their vehicle to a friend or family member, the driver is responsible for any damages caused by an accident. Auto insurance is designed to cover a particular vehicle, not the driver. If you loan your vehicle to someone, you will ultimately be responsible for any damages that may occur.

2. If Your Car is Totaled, Insurance May Not Provide a Rental

Rental reimbursement is not automatically included in most auto insurance policies. It must be requested and purchased as a separate optional coverage. In most cases, you will be responsible for auto rental fees and then you will be reimbursed by your insurance company, up to the limits stated in your policy.

3. Insurance Premiums for Older Drivers are Not Always Higher

Just because you are 55 to 60 years old, that doesn't mean your insurance premium will always be higher than that for a younger driver. Many insurance companies actually offer discounts for drivers in the 55 to 70 age group. Older drivers have more experience behind the wheel and normally drive safer cars.

4. Auto Insurance May Not Cover Everything in Your Car

Normally, personal property that is not permanently attached to your vehicle will not be covered. There may be exceptions here, because auto policies can differ. You must understand your policy to determine if you have theft coverage. Even if personal items aren't covered, you may be able to file a claim for stolen property with your home insurance company.

5. You State's Minimum Coverage May Not Protect You

If you have purchased state minimum auto insurance, you are legal to drive on your state's roads and highways. It is important to understand that just being legal does not provide adequate coverage to protect your vehicle and your assets should an accident occur. If your auto insurance is not sufficient to cover all costs related to an accident, you are responsible for the difference out-of-pocket.

It is very important to understand the terms and conditions of your auto policy. The language contained in insurance policies can sometimes be very complex. It's a good idea to discuss your coverage with your agent to make sure there are no expensive surprises should you be involved in an accident.

What does your policy cover? Call Pan American Insurance at (915) 562-0009 for more information on El Paso auto insurance.

Share |


No Comments


Post a Comment
Name
Required
E-Mail
Required (Not Displayed)
Comment
Required


All comments are moderated and stripped of HTML.
Submission Validation
Required
CAPTCHA
Change the CAPTCHA codeSpeak the CAPTCHA code
 
Enter the Validation Code from above.
NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013


View Mobile Version