Knowing More About Your Accident Insurance Coverage
Reader’s Question:
I want to know if there is some form of accident insurance coverage for injuries and property damage aside from what my auto insurance provides.
Ana
Paradise, NV
Yes, there is. Many individuals are not aware that there is another way of getting insurance coverage for property damage and injury following a car accident. I am referring to homeowner’s insurance, which may also cover for damages sustained in an accident. For instance, if you have purchased a comprehensive health coverage plan, most likely it would also apply to medical coverage at the time of an automobile accident. Many people just do not realize that they already have this coverage because they are pinned to the fact that they have to get a “car insurance” when they buy a car. It’s like parallel thinking; a notion that if you have a “car,” a “car insurance” must come along with it – without even realizing that the same insurance coverage will be available to them from another accident insurance coverage when needed. Your comprehensive health insurance will cover for injury at the time of an event. Thus, the PIP (Personal Injury Protection) offered by your auto insurance company is really no longer required (unless, of course, mandated by state laws) You have to recognize your other carrier or insurance provider, so you do not have to purchase any unnecessary coverage. This should help save your money and time by not having to pay for coverage you already have.
Accident Insurance, auto insurance coverage, PIP Insurance