Title: 10 things you should know about car insurance in Louisiana
110 Things You Should Know About Car Insurance in
Louisiana
2- You probably dont think about your car insurance
very often. And thats okay, because car
insurance doesnt need to be one of those things
you are thinking about all the time. However, if
you do drive, and especially if you drive a lot
or have expensive tastes in cars, then you need
to be informed about what kind of insurance
coverage you need. So what does car insurance
cover? In this post, we will explore some basic
information about car insurance in Louisiana.
3What does car insurance cover?
- Insurance is a contract between you and the
insurance company. In return for a premium, the
insurance company agrees to pay for certain
losses that you could suffer as a result of
certain events. When you drive a car, there are
several kinds of losses that you could incur. -
Liability coverage protects you if you cause an
accident and injure someone or damage their
property. - Comprehensive coverage protects you
if your car is stolen, vandalized, or damaged by
weather such as hail, hurricanes, or tornadoes. -
Medical coverage protects you if you are in an
accident and need medical attention. This is
often part of your health insurance, but if you
are in an accident, your health insurance may not
cover the full amount of your medical expenses. -
Uninsured/underinsured motorist coverage protects
you if you are in an accident with someone who
does not have any insurance or not enough
insurance to cover your expenses. This type of
coverage also protects you and your passengers if
you are hit by someone with too little insurance.
4How to buy your insurance
- Insurance is a contract between you and the
insurance company. You make regular payments to
the insurance company in return for protection
against certain losses. You can purchase
insurance from a variety of sources. The
insurance company will determine how much you
have to pay based on your risk and circumstances.
You can also control the risk by carefully
selecting the amount and types of insurance you
purchase. When you buy insurance, you will want
to be sure that you are getting a good deal. Shop
around and compare rates from several different
insurance companies. You may be surprised by how
much of a difference in rates you can find
depending on the company you go with.
5Who to buy from Independent Agent or Direct
Dealer?
- Both independent agents and direct dealers sell
auto insurance. Each type of salesperson has an
interest in seeing that you buy the right kind of
insurance. An independent agent has no direct
financial interest in the sale of your insurance.
An agents income comes from a percentage of the
premium paid by the insurance company. This means
that an independent agents interest is in making
sure that you get the right type of insurance at
the best price. A direct dealer or a broker works
for an insurance company and is paid a fee,
usually by the company, for each policy sold.
This means that their interest is in selling you
the companys policies and not necessarily the
right type of insurance at the best price.
6Your deductible The most important decision you
make
- Your deductible is the amount of money that you
agree to pay for any losses that you incur before
the insurance company begins to pay. For example,
if you have a 500 deductible and you have a
total loss, meaning that your car is destroyed in
an accident or stolen, then you will only have to
pay 500 out of your pocket before your insurance
company begins to pay for any repairs or a new
car. If you have a 100 deductible and the same
thing happens, then you will have to pay the
first 100 of any claims and your insurance
company will pay the rest. You should take a
careful look at your situation and decide what
amount you can comfortably afford to pay as a
deductible. You will pay lower premiums if you
have a higher deductible, but you will have to
pay more out of your pocket if there is a loss.
7Liability Insurance Legal requirement and
protection for others
- Liability insurance is a legal requirement in
most states. It is a type of coverage that pays
the medical bills and any other costs that people
incur as a result of your car accident, up to the
amount specified in your policy. Liability
insurance protects you from being sued by someone
who is injured in your car and from having your
assets seized. In Louisiana, you must have at
least 25,000 in liability coverage per person
injured in an accident, 50,000 for all people
injured in an accident, and 25,000 for property
damage. Your liability coverage will pay for the
costs of any injuries or damage that you cause to
others.
8Comprehensive Insurance Protection for your car
and peace of mind
- If your car is stolen or damaged by a hurricane
or hail or by vandalism, or floods, then your
comprehensive insurance will cover the cost of
repair or replacement. This type of insurance
also protects you from financial loss if you
cannot drive your car due to an accident or
illness. For example, if you are in an accident
that prevents you from driving for six weeks, the
cost of your insurance will remain the same.
Without this type of coverage, your insurance
premium would almost certainly go up when you can
drive again.
9Conclusion
- Car insurance is an important part of our lives,
but it does not need to be something that we
think about all the time. It is important to
understand what type of coverage you need and how
to find the best insurance for your situation. - Please visit here for more information
https//www.bonanoinsurance.com/