AllRisk Auto Insurance, LLC Blog
Each state requires a driver to carry a certain amount of liability coverage, but some insurance companies will most likely offer optional add-on coverage. Here are some of them that are worth the extra cost.
Gap insurance protects you during events when the debt you owe the vehicle is more than what your insurance company is willing to pay. To determine the worth of your car during the accident, they will use various measures of standard valuation. It allows them to gather the necessary information to know how much they will pay you. However, if you either leased or financed your vehicle, you will be more in debt to the loan than the amount your insurers will give you. It is known as the “gap” that will leave your wallet empty if you lack insurance during an accident.
Roadside assistance is the advantage of towing services and vehicle repairs during the instances where your car suddenly breaks down while on a long drive. The restoration services offered include tire changing, gassing up an empty tank, and inspections of any mechanical problems. If they lack the necessary tools and equipment to fix your vehicle on the spot, they will tow your car to the nearest repair shop available. This service will surely come in handy if you are often traveling long-distance drives.
Vanishing deductibles gives you the benefit of having an annual reduction of deductibles – up to $100 – from the start of the policy until it eventually reaches zero. Because of this striking advantage, it’s slowly becoming a standard offer in premium policies of auto insurance. Deductibles will continue to decrease if you also keep your driving record clean, with no accidents and tickets.
Personal Injury Protection (PIP)
PIP insurance covers several types of expenses during car accidents. However, it mainly prioritizes medical bills for the driver, relatives, or other passengers up to a specific amount if they are all insured. It can also cover the costs of a funeral or expenses of those who are currently on a job hunt. Health insurance policies are known to cover the mentioned expenses, but PIP can be used as an additional insurance policy for other deductibles and copays.
Several coverages are worth the money, depending on your lifestyle and daily routine. Choose those that will suit and fit your usual activities to make the most of the extra cash spent.
At AllRisk Auto Insurance, LLC, we put our clients first by offering them policies that they can afford. Having insurance is a necessity nowadays and we're here to help you out. Learn more about our products and services by calling our agency at (360) 693-4044. You can also request a free quote by CLICKING HERE.