There is more to purchasing an auto insurance policy than just deciding your coverage amounts and whether or not you want comprehensive and collision.
To fully protect yourself, take a look at these 7 auto insurance add-ons.
1. Uninsured and underinsured motorist coverage
Uninsured motorist coverage will protect you in the case of an accident caused by an uninsured motorist, or by a hit-and-run. Underinsured motorist coverage is also available, which will pay costs that could arise if the other driver doesn’t have adequate coverage.
2. Gap coverage
If your car is a total loss, it’s possible that the cash value your insurance company pays you will not equal the amount you still owe on a financed or leased vehicle. Gap coverage will give you peace of mind, taking care of this gap.
3. Original Equipment Manufacturer (OEM) parts coverage
When repairing your vehicle, your insurance company will normally use aftermarket parts. While there are certain standards these parts must meet, they aren’t made by the vehicle’s original manufacturer. This coverage will ensure that replacement parts used on your vehicle are made by the original manufacturer.
4. Sound system coverage
If you have an expensive aftermarket stereo in your vehicle, standard coverage won’t cover the cost to replace or repair it if it is damaged or stolen. This option will make sure your audio investment is protected.
5. Glass coverage
Purchasing this coverage gives you a low or no deductible option when repairing damage to your vehicle’s windshield or other windows.
6. Towing and labor coverage
A simple but useful add-on coverage that will reimburse you for towing expenses and other costs related to roadside assistance, whether you need a jumpstart or lock yourself out of your car.
7. Rental reimbursement coverage
This coverage will reimburse you for rental insurance if your vehicle is in a body shop after a claim. This coverage is not usually included with standard comprehensive or collision coverage. Since rental costs can accumulate quickly, this is a popular elective coverage.
To find out which of these additional coverage options is right for you, speak with the experienced agents at John B. Wright Insurance. Contact us here.
Leave a Reply