If you own a car, you need auto insurance. However, there are different types of auto insurance you should know about. At Com-Co Insurance Agency Inc in Mount Prospect, IL, we offer the auto insurance options you need.
Liability Auto Insurance
All vehicles are required to have a liability insurance policy. Liability insurance will cover the damages if you are involved in an accident that is declared your fault.
This includes damage to the other person’s vehicle, and medical expenses due to accident injuries, up to the coverage limits.
Liability insurance covers damage to the other person’s vehicle. Collision coverage, on the other hand, covers your vehicle. It will pay to repair or replace your car in the event an accident is your fault or no fault.
Lenders often require collision coverage. This helps protect their collateral in case of an accident. However, even if you aren’t required to have collision coverage, it can help protect your investment.
Comprehensive coverage also covers your vehicle. However, instead of protecting you during an accident, it protects you from damage when your car isn’t moving.
This typically includes vandalism, theft, and storm damage. For example, if your car is damaged by hail, this would be covered under comprehensive coverage.
Like collision coverage, comprehensive coverage is typically required if your vehicle has a lien.
What Isn’t Covered by Auto Insurance?
Full coverage insurance includes liability, comprehensive, and collision coverage. However, some things aren’t covered under these policies.
These include expenses due to normal wear and tear on your car, mechanical breakdowns, and some types of intentional damage.
Auto Insurance at Com-Co Insurance Agency Inc
If you need auto insurance in Mount Prospect, IL, contact us at Com-Co Insurance Agency Inc. We will help you choose the right policy for your needs.