Three Types of Auto Coverage You Need

Understanding Auto Insurance Policies

Owning a vehicle comes with the responsibility of securing an adequate auto insurance policy. These policies comprise various coverage types, each offering a unique form of protection. It’s necessary to understand these coverages to defend yourselves legally and financially.

Why is Auto Insurance Essential?

There are mandatory and optional types of auto coverage; both are necessary for comprehensive asset protection. For more guidance on this, reach out to us at M8 Insurance in Salt Lake City, UT.

Liability Coverage

Two primary liability coverages are necessary for your policy. The first, Bodily Injury Liability, covers medical bills for someone who gets injured in an accident involving you. The second, Property Damage Liability, pays for damage to another person’s property caused by the accident.

Collision Coverage

While liability coverages cater to others’ bills, Collision Coverage ensures your damage costs from the accident are covered. It’s imperative for repairing or replacing your car post-accident. Without this coverage, you would have to bear these costs out-of-pocket.

Comprehensive Coverage

This optional coverage protects your vehicle against damage incurred when it’s not being driven. Considering this coverage prepares you for a wide array of risks and eventualities.

Securing Your Auto Insurance Policy

For your auto insurance policy needs, contact the team at M8 Insurance in Salt Lake City, UT. Make an informed choice to ensure the safety of your vehicle and financial security.