Whether you are doing a daily commute or planning an extended road trip, it’s a good idea to make sure that you have the proper amount of coverage for Massachusetts car insurance. Auto insurance in Fall River can be complicated, so it helps to work with a friendly and experienced agent who can help you navigate all of the terms and coverage options. Paul Sullivan Insurance Agency in Fall River has been providing quality insurance products and customer service for many years, earning a solid reputation in the South Coast region. Take time to review your Fall River car insurance policy regularly to make sure that you have all of the coverage you need to protect your investment.
What About the Deductible?
While most people know that they can reduce the monthly cost for their Massachusetts car insurance premium just by increasing their deductible, very few understand what that means. Your deductible is the amount of money that you would need to pay before your insurance covers the rest if you are in an accident or have another type of covered claim. If you have a $500 deductible, but the cost to repair damage to your vehicle is just $400, then you would need to pay the entire amount, and the insurance company wouldn’t pay anything for the claim. However, with the same $500 deductible, an accident that caused $5,000 worth of damage would mean that you only pay $500 toward the claim and the insurance agency in Fall River would cover the rest.
It is important to understand that the company that provides auto insurance in Fall River only pays for the amount of damage above your deductible. A very high deductible of $1,000 or more, means that you will have a lower monthly premium, but you need to be prepared to pay $1,000 out of pocket if you are in an accident before the insurance company pays their portion, if any. If you can afford the $1,000 to get your vehicle fixed and back on the road, then it would be worth it to have a higher deductible; however, if money is tight and you don’t think you would be able to spend $1,000 out of pocket, you might want to get a lower deductible rate. The amount that you can afford to pay is personal, which is why a deductible is an option that can be adjusted by the insured, according to their individual needs.
What is Personal Liability?
While there is a basic type of coverage that must be included with your Fall River car insurance policy to satisfy Massachusetts law, there are other types of coverage that can be added. If you are still making payments on your vehicle, the lender may require what is known as “full coverage,” but it is always a good idea to speak with your local insurance agency in Fall River to find out what that covers. Personal liability is the type of insurance that protects you if you are in an accident that causes injury or harm to another person. While not every carrier offers personal liability as part of their Massachusetts car insurance coverage, it is worth asking about when you seek out a new policy or wish to update your existing insurance.
Personal liability is a great way to protect yourself if you are found to be legally liable to pay for compensation associated with bodily injury or death, as well as physical loss or damage, sustained to someone else as the result of an accident. Personal liability coverage added onto your policy for auto insurance in Fall River can cover legal expenses, the cost of repairing damage to property of another person’s, medical expenses for bodily injuries, and as the result of any claims made against you. Speak with your agent about personal liability coverage to find out if it is right for you and the type of coverage that you require.
What About Car Rentals?
If you need to rent a car, whether as part of a vacation trip or any other reason, you might wonder about whether your Fall River car insurance policy covers your use of rental vehicles. In most cases, your current insurance plan should cover you, but it pays to contact your insurance agency in Fall River to find out for sure. Don’t fall into pressure from the rental company to buy extra insurance if you don’t need it, but make sure you’re covered fully first. Sometimes additional coverage, such as for personal liability coverage, can be purchased extra for rental car usage if needed. Ask about overseas or international coverage options for trips outside of the United States before you leave on a trip.
Contact your friendly agent at Paul Sullivan Insurance Agency in Fall River to learn more about Massachusetts car insurance and coverage options designed to protect you in the event of an accident. Give us a call at 508-678-9611 or stop by our location on South Main Street in Fall River, MA.