Understanding Auto Insurance: Liability vs Full Coverage
Auto insurance can get a bit tricky. It’s crucial to fathom what your policy covers. The professional agents at Securum LLC, serving Lynnwood, WA, encourage you to discern the difference between liability and full coverage auto insurance and acquire the apt coverage.
Liability Insurance: Covers Damage or Injuries to Others
Liability insurance is the minimum amount of auto insurance mandatory in Lynnwood, WA, and most states. This coverage deals with damage and injuries that occur due to an accident. If the accident is your fault, your liability insurance will bear for the other person’s medical expenses, vehicle repairs, and other costs correlated with the accident. It’s important to remember that this does not cover your vehicle or injuries. Here are the two key components of liability insurance:
- Bodily Injury Liability: This insurance covers medical expenses, lost wages, and legal fees if someone is injured in an accident and it is your fault.
- Property Damage Liability: This insurance covers repairs to the other person’s vehicle or property that is damaged in an accident that is your fault.
Full Coverage Insurance: Covers Your Damage and Injuries
Full coverage auto insurance offers more protection than basic liability. If you carry a loan on your vehicle, you are necessitated to have comprehensive insurance that provides additional coverage, including:
- Collision Coverage: If you have an accident, regardless of whose fault it is, collision insurance pays to repair or replace your vehicle.
- Comprehensive Coverage: Comprehensive coverage remunerates for repairs for all other damages such as fire, theft, and vandalism.
Contact Securum LLC For Washington Auto Insurance Coverage
Whether you are a novice or veteran driver, having the right insurance will safeguard you and your investment and provide peace of mind. Contact the expert Securum LLC team serving Lynnwood, WA, today.
