We hope your packages are all shipped and your ready for Christmas! Do you know what your car insurance liablilities are? It is super important to understand how this coverage works.
Lets assume you have Liability at 1$00,000/$300,000/$100,000. The first $100,000 is the liability limit for a person in your car, $300,000 is for the total accident (all persons in the vehicle). This would pay the medical bills, ect for a person in an accident that you are the responible party in an accident and you injure someone in the other car. The maximum amount the insurance would pay out would be $300,000.
$100,000 is for property damage, the maximum it would pay out is $100,000.
Collision: This coverage is to repair damage to your car when you hit or are hit by another car or object.
Comprehensive: This coverage is to repari damage to your car caused by fire, theft, vandalism, hail, or hitting an animal.
Usually we here these coverages called "full coverage". You will be able to pick you deductable $250-$500 is a normal amount
Tune in next week for more information on coverages.
Merry Christmas!