Townsend Agency (512) 931-2591 Georgetown
(806) 698-1611 Lubbock
(325) 573-4076 Snyder

Auto Insurance

What About Auto Insurance?

The need for good car insurance protection for property loss and injury is really a no-brainer and is all the more obvious once one experiences an accident. It is also important to keep in mind that driving a motor vehicle without good automobile insurance can lead to very costly fines and other, often stringent penalties. Indeed, just about all states mandate that drivers carry at least a minimum level of coverage. This is so to safeguard drivers from others who are at fault for an accident. However, there is a myriad of other types of policy add-ons that can cover damage to your car and so much more. Before obtaining a policy, it is helpful to become informed about the intricacies of car insurance.

Coverage Defined

Car insurance is, bottom line, an agreement between the insurance company and you, who are being covered. It is considered a kind of liability and property insurance and its details stipulate that you be consistent with the monthly (or semi-annual) premium payments in return for any possible pay-outs for covered losses in the event of an accident or some other covered loss. This coverage can provide a wide array of functions for both the owner of the covered vehicle and for anyone who might be affected by any detrimental actions on the part of said owner. This all is dependent upon the kind and level of coverage purchased.

Who Can Benefit?

Anyone who drives a motor vehicle, again, will be required to buy, at the very least, liability protection. If you carry a loan on your car, the provider of the loan will also mandate that you obtain some level of collision and comprehensive coverage as well as the basic liability coverage. 

How it Works

If a policyholder is involved in an accident, he or she will be asked to file a claim as soon as possible with their insurance provider. If he or she is at fault for the accident, the insurance company will take care of whatever damages covered by the policy. Of course, to enjoy this protection, one must have been keeping up with the previously agreed upon premiums and then, if wishing to get his or her own car repaired, must also pay any agreed upon deductible prior to having work done. Should the other driver be found at fault, then his or her insurance company will pay out. Here are some important tips to keep mind when involved in an accident: Always work to exchange information with the other driver, locate any witnesses for supporting testimony, take photographs, and so on. (Anything that can help your case.)

Types of Coverage

The liability aspect of one’s coverage, (again normally required by law), pays for damages to other vehicles and property from an accident that is caused by the policyholder. Collision coverage compensates for any damage to your own vehicle from a crash, while comprehensive is what assists with a variety of forms of loss that are the result of such things as weather, vandalism or theft- (Damage to your auto caused by anything other than collisions). 

Big Benefits

There are many pluses to carrying good car insurance; this includes the vital protection that liability coverage affords, as well as coverage for physical damage to your own car and more.