Tag Archives: car insurance coverage

What You Need To Know About Auto Insurance Policies

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Auto insurance is one of the most important investments you can make. It protects you from financial losses if you get into an accident and can even help cover costs associated with a total loss of your vehicle. But before signing up for any auto insurance policy, it’s important to understand exactly what type of coverage it offers and how much protection it provides.

In this blog post, we’ll explore some key things that everyone should know about auto insurance policies so that they can make an informed decision when choosing the right plan for their needs.

Call 317-608-2188 to Sell a Total Loss Car in Indianapolis Indiana.
Call 317-608-2188 to Sell a Total Loss Car in Indianapolis Indiana.

Auto Insurance 101

Understanding the basics of auto insurance is a great place to start. Generally, auto insurance policies provide coverage for any damage that occurs as a result of an accident. This includes damage to your vehicle, another person’s vehicle or property, and medical bills resulting from injuries sustained in the accident. Depending on the policy, some plans may also cover costs associated with a total loss vehicle, such as rental car expenses and roadside assistance.

How to Ensure Proper Car Insurance Coverage

It’s important to read through all of the details when signing up for an auto insurance policy so that you know exactly what kind of coverage it provides. Pay special attention to deductibles – this is the amount of money you must pay out-of-pocket before your insurer will begin covering the costs of an accident. Different policies will offer different deductible amounts, so make sure to look for one that fits your budget and still provides adequate protection.

Types of Automotive Insurance Policies

Be aware that different types of auto insurance may also offer varying levels of coverage depending on the type of policy you choose. Comprehensive policies tend to offer more coverage than basic liability plans, while third-party plans provide additional protection if another driver is at fault in a crash. Understanding all of these distinctions can help you determine the best plan for your needs and budget.

Car Maintenance and Repair Coverage

Finally, it’s important to remember that auto insurance does not cover any damage caused by normal wear and tear or maintenance issues – only accidents are covered by most policies. That means if something goes wrong with your engine or brakes, you’ll likely have to pay for those repairs out of pocket. Knowing this can help you plan ahead and budget for any unexpected mechanical issues that may arise in the future.

In Summary

We hope this post has provided some helpful insight into auto insurance policies so that you can make an informed decision when selecting coverage. Remember to read through all of the details carefully and choose a policy that fits both your needs and budget. With a little research, you’ll be on your way to finding the best auto insurance plan for your car!

Sell a Total Loss Vehicle for Cash on the Spot

If you’ve ever found yourself in the unfortunate situation of owning a total loss car, then you know how much of a burden it can be. It takes up space on your property, isn’t drivable, and can bring down the value of your home. However, selling your totaled car to a local junk car buyer in Indianapolis can turn this negative situation into a positive one. Not only will you receive a fair cash payment on the spot, but you’ll also have the added convenience of free junk car removal. Plus, selling to a local auto salvage yard is a quick and easy process, as they are experts in buying junked cars in any condition.

Don’t let your scrap vehicle weigh you down any longer, sell it to a local Cash for Cars company today! Contact GC’s Junk Cars at 317-608-2188 to connect with a certified Indianapolis junk car buyer for details on how to get started! We offer free junk car removal and accept all old or broken auto parts!

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What You Need to Know About Liability Car Insurance Coverage

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If you have just bought or received a new car you plan on driving, you will need car insurance. How much car insurance coverage you need depends mostly on what the state requires, but also your personal preferences, namely budget. Most states, including here in Indiana, require that all drivers maintain automotive liability insurance coverage at all times. This is known as the state-minimum for car insurance coverage.

Continue reading to learn some important facts about car insurance liability coverage that can help you better understand your options.

Totaled Car Buyers Indiana 317-608-2188
Totaled Car Buyers Indiana 317-608-2188

Liability Car Insurance Coverage Facts

Automotive liability insurance coverage is a type of car insurance coverage that only covers another person’s bodily injuries and property damages. The owner of the liability insurance policy is not covered. Let’s dive into this little further.

There are two types of liability car insurance coverage: bodily injury liability coverage and property damage liability coverage. Drivers are required to have both kinds of coverage at all times to operate a motor vehicle, legally.

▶ BODILY INJURY LIABILITY COVERAGE (BI) = Bodily injury liability car insurance covers another driver’s injuries, including their medical expenses and hospital bills.

▶ PROPERTY DAMAGE LIABILITY COVERAGE (PD) = Property damage insurance coverage pays for another driver’s automotive repairs, or for a new vehicle if the car is totaled.

Coverage Limits for Liability Car Insurance Policies

Although automotive liability car insurance covers another driver’s bodily injuries and property damages, you could still be responsible for paying out-of-pocket if the total cost exceeds your policy’s coverage limit. The state does set a minimum limit, but when you are purchasing car insurance, you can choose your own limit.

Let’s say you cause an accident, and the total cost of the of the driver’s medical expenses and property damages totals out to $25,000. Your insurance carrier will cover this cost so long as your coverage limit is at least that amount. If your coverage limit was only $20,000, you would be responsible for paying the remaining $5,000 out-of-pocket.

Your Bodily Injuries and Vehicle Damages

Under an automotive liability insurance policy, your own bodily injuries and property damages are not covered. The only parties covered are other drivers harmed in the accident. For this reason, it is strongly recommended to add collision insurance coverage to your liability insurance policy. Collision coverage would cover your bodily injuries and property damages in the case of an accident, but it would also come with a coverage limit. You can choose your coverage limit based on your budget and how comfortable you feel paying out-of-pocket in the case of an accident.

Comprehensive Insurance Coverage

Collision automotive insurance coverage does not cover other types of vehicle damages outside of motor vehicle accidents, such as a tree falling on your car or hail damage. If you want these types of damages covered, you will need comprehensive automotive insurance coverage.

Have you totaled your vehicle but only have liability insurance coverage, leaving you with no means to pay for repairs? Contact GC’s Junk Cars at 317-608-2188 to sell your junk car in Indianapolis, Indiana for cash on the spot! We provide free junk car removal, so we come to you!

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How You Should Prepare for Selling a Junk Car
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GC’s Junk Cars
GC’s Junk Cars 317-608-2188