After you’ve bout a car, the first thing you need to do is buy the right New London Connecticut Auto Insurance for your needs. There are many options, and the language can be confusing for anyone who isn’t an established insurance agent. How do you know the difference between the specific types of liability coverage, for example? Knowing and understanding them can be an important step in choosing the right New London Connecticut Auto Insurance for you.
There are two main types of liability insurance that you can buy to protect you and your vehicle. This type of coverage does not pay out for your expenses, but instead to others in case you are at fault for an accident. In some cases, this type of insurance coverage protects you even if you’re driving someone else’s car. The two types of liability coverage are property damage liability, and bodily injury liability.
Property damage liability pays for damage to someone else’s property if you are at fault in an accident. There is a wide range of coverage options for you to choose from. If your vehicle has been leased or financed, you may be required to carry a specific amount of coverage by the financing company.
In bodily injury liability, claims are paid to persons who are injured in an accident that you’re at fault for. This might include medical bills, lost wages, or other types of compensation. Medical expenses for injuries can quickly add up, so don’t be tempted to skip this type of coverage when you’re choosing the right New London Connecticut Auto Insurance for you.