You may know that you need auto insurance to drive on the roads of Texas, but do you know all that your coverage entails? The literature of an insurance plan may be confusing to the average layman, but since they define the terms of your coverage, understanding the words is important. At our independently-owned and operated Carrollton insurance agency, our agents are dedicated to helping you understand your insurance benefits, as well as providing you the utmost coverage at a reasonable cost. Below are just a few of the more common auto insurance terms you should know, and what they mean.
Terms & Definitions
Comprehensive insurance covers damage to your vehicle caused by something other than a collision, such as fire, theft, vandalism, and unforeseen acts of nature. If applicable, comprehensive coverage may include transportation and loss of use expenses.
As the name implies, collision insurance covers damage to your vehicle if it collides with another object, or overturns. Collision coverage is often standard for a rented or non-owned vehicle. Certain exclusions may apply, which your agent will thoroughly explain.
The term “full coverage” is often a misleading one. Though many believe full coverage means their vehicles are protected from any and everything, the truth is that full coverage doesn’t actually exist. Nevertheless, full coverage is often used to describe a plan that consists of more than just liability coverage.
Medical coverage is optional, and can cover reasonable and necessary medical expenses for covered persons in case of an automobile accident.
Usually a part of collision or comprehensive insurance, rental reimbursement covers the cost of a rental car while you wait for your vehicle to be repaired. Daily rental amounts will be subject to the limit of coverage you purchase.
About Your Carrollton Insurance Company:
With over 20 years of experience in the insurance industry, Jeff Van Matre Insurance Agency can help you choose the right coverage plan to protect your personal and business assets and put your mind at ease. To learn more about optimizing your insurance coverage, visit us online or call 972-492-8500 today.