Other coverage types

Car Rental: Car rental coverage pays up to a certain amount to help you rent a car while yours is being fixed from a covered loss. When your car is in for routine repair or maintenance, this coverage will not pay. This coverage can be expensive, but the first question most people ask when they call in a claim is, “Do I have ccs rental coverage?” Think about what you can afford to pay if you don’t have the coverage. If it takes 2 weeks to fix your car, and the rental car costs $25 per day, that’s over $350. If you have a spare car available, you probably do not need this coverage.

Uninsured/Underinsured Motorist: Ok, now let’s say you are in an accident and hurt badly This time the other driver is at fault and you decide to sue him or her. %u find out the other driver does not have many assets and does not have high enough limits on his or her liability coverage to cover your damages. Uninsured/Underinsured coverage allows you to come back against your own insurance policy to collect up to whatever limits you have selected. My advice is to carry the same limits here as you do for your liability limits. Give yourself as much coverage as you have provided for if someone were to sue you.

Death Indemnity: Many people look at this as life insurance; however, it is very limited protection. The death or injury has to have been caused by an auto accident. If you buy this coverage, it should not be counted as part of your life insurance program. “You should not make your family’s well being dependent on your being killed in an auto accident.

Other optional coverage: There are new policies and coverage coming on the market all the time. If you feel one of them are important, go for it. Just remember they all cost money and the insurance company does not plan on losing money on any of them. That’s not bad; they are businesses. Just don’t buy coverage you really don’t need. Maybe you can invest your savings for retirement!