A car accident happens, on average, once a minute in the United States alone. That’s a lot of prangs, bumps, scrapes, and crashes. And even when no one gets hurt, the vehicles involved rarely come out unharmed.
That’s why we have insurance! Luckily, our insurance lets us cover the mechanical and medical bills that often follow one of the millions of accidents that occur every single year. It’s not all that simple, though. The truth of the matter is that there are almost as many kinds of coverage as there are brands of car.
So what do you say we drill down into all those different kinds of insurance coverage and help you understand what sets them apart?
Insurance Coverage for Property Damage Liability
An insurance company will offer you this specific kind of insurance coverage in order to cover the costs incurred by the other driver in an accident. If you find yourself in a scrape that means you have to fork over the cash for the other driver’s repairs, this is the kind of coverage you need.
In fact, it’s mandated by law in some places!
Insurance Coverage for Bodily Injury Liability
You know how property damage liability covers damage to the other party’s vehicle? Well, bodily injury liability covers damage to the other party’s… party. Basically, if the person who isn’t you in an accident sustains some kind of injury, it’s bodily injury liability insurance coverage that will cover the medical fees.
Insurance Coverage for Personal Injuries
But of course, some measure of insurance after an auto accident needs to cover damage that you sustain. That’s where personal injury coverage comes in. This kind of insurance — mandated in plenty of places — will cover the medical fees that are incurred by any injuries you sustain in an auto accident.
People tend not to consider it, but a severe enough injury can cost you more than medical fees. You might have to take time off work and need your lost wages covering. That’s why this kind of coverage exists (alongside the medical bills). That’s why getting in touch with your personal injury insurance company is one of the most important things you can do after a crash (see here for more information on what to do after a collision).
Insurance Ensures Reassurance
And that concludes our brief but deep dive into the world of the many different kinds of insurance coverage. Whether you, your car, or the other guy has sustained damage, there are plenty of coverage types out there to help you out.
An auto accident can be a scary time, but you don’t have to suffer it alone. By securing comprehensive auto insurance, you can make sure you have help for every single step of your journey.
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