Does Liability Insurance Cover Totaled Car?
Reader’s Question:
I lost control in the snow and hit the tree. The vehicle was totaled. I only have the minimum liability coverage in Buffalo, New York and I would like to know if my auto insurance will cover anything for the accident? I do not have the full coverage since I am paid off with the car.
George
Buffalo, NY
If you only have minimum liability required car insurance in Buffalo, New York then I do not think, this would cover damages to your own car.
If you were injured in the accident when your car collided with the tree you will be able to make a car insurance claim against your personal injury protection coverages. However, you do not have coverage for your car without having the extra physical damage coverages of comprehensive and collision.
In your case where you lost control of the car in the snow and hit the tree you need collision coverage in order to make a car insurance claim for the damages to your vehicle. This is the reason why it is essential to keep physical damage on your vehicle, this means state required liability coverages plus comprehensive and collision, even if you have paid off your financial company or paid for your vehicle in full when you bought it. Without collision and comprehensive if you are in an accident where you are at fault you will have to pay for fixing the car out of your own pocket or be out of a vehicle if the automobile is a total loss and cannot be fixed.
Why you Need Automobile Insurance
Reader’s Question:
I already have a health insurance and a life insurance in Omaha Nebraska NE. I just recently purchased a car and was told that I need to get auto insurance. What is an auto insurance? Isn’t having the two insurance enough already?
Rodel
Omaha NE
Hi, Rodel! I always like to meet people who appreciate the value of insurance. Insurance are there to offer financial assistance in cases when there are unfortunate events such as accidents, or worse, death. I can see that in this particular area, you are sufficiently covered already. Please take note, however, that auto insurance is an insurance specifically crafted for vehicles. It offers financial assistance for the policy owner to have the car repaired or replaced, as needed. Moreover, when you register your new car in the Department of Motor Vehicles in Omaha Nebraska NE, you will be required to have some form of auto insurance.
To ensure that you optimize your insurance and that you don’t pay for some coverage you already have, it will be best to review your existing policies. When you shop online by entering your zip code on the space provided here, make sure that the type of coverage you have selected excludes those already offered by your health insurance. For this setup, it will be safe to set up meetings with some local insurers in Omaha Nebraska NE. Make sure to bring your existing insurance with you so you and your insurer can jointly analyze the best type of coverage you would need under your auto insurance.
Remember that there are many insurance companies in Omaha Nebraska NE and it would be best to visit several before you choose which one to have a contract with. Remember that an insurer is someone you will have to deal with in the long run and you should feel comfortable with him or her.
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