For parents who drive the kids to and from class, one important question comes up over and over during summer vacation: “What’s gonna happen next year?” When it comes to insurance, however, the question isn’t exactly relevant – because driving is the same whether it happens in October, January or April. Even though driving is the main activity that takes place throughout the year, you probably won’t pay attention to it unless you got into an accident. After all, accidents don’t just happen once or twice; they usually happen again and again. And if you’re already paying auto insurance rates that were high enough before the accident, then you’ll definitely feel bad about it if and when your policy renews. At this point, one very good source of relief becomes obvious (if, like me for example, the renewal date is drawing quickly). That is why there exist insurance savings for students with a clean driving record who decide to switch from liability to comprehensive coverage or vice versa. Let’s talk more about how it works…
Switch to Comprehensive Motor Vehicle Liability Coverage for Your Driver
As the name suggests in plain English, this type of car insurance covers damage to the person insured (the driver(s)) as well as the things covered under his/her policy. The reason why liability insurance is referred to as comprehensive motor vehicle insurance is that it often includes other coverages that aren’t included in standard collision and comprehensive automobile policies. So when switching from liability insurance to comprehensive coverage, you may also lose certain benefits that you weren’t aware of being applicable in that specific case. However, some additional benefits that accompany comprehensive insurance include uninsured and underinsured motorists protection and medical payments coverages. On the downside, the premium rate for such policies may vary based upon which state you live in.
Switch to Uninsured / Underinsured Motorist Insurance Coverage in Auto Insurance
This kind of insurance provides you with legal defense when damages resulting from an accident are caused by an uninsured/underinsured motorist. It helps protect a driver from having to repay money to another person or their insurance provider after their claims against an uninsured driver have been denied. Unlike with standard auto insurance, which only covers the insured against damages incurred by another insured or another driver, uninsured /uninsured motorist insurance pays for damages against whom the insured is not protected by other liability coverages (such as another person, company or driver without proper insurance).
Switch from Personal Injury Protection to Accident Damage Waiver
Personal injury protection offers payment directly related to injuries suffered in a crash where the injured passenger was not wearing a seatbelt. While personal property loss is always excluded, there is a minimum amount of coverage required for a claim to qualify, with the exception of pedestrians. Other exclusions include bodily effects or bodily changes associated with pregnancy, or claims arising from intentional injuries – both types of claims are generally excluded for non-passengers. Furthermore, unlike personal injury protection, there is no maximum limit on payment of PIP or ADW,
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