Being prepared for the unexpected is why we have auto insurance. But is the coverage complete? Will the coverage meet the needs after a collision or other damage? Is your auto policy collision ready?
Not only are accidents unplanned, so is the specific damage. Collision damage may occur where the auto engine is located and driving the car cannot happen because of the damage. Even a simple fender bender could make the auto unable to be driven with a hanging bumper.
In order to not cause further damage, or in the case of a vehicle that can’t be driven, towing will be necessary. But towing can be very costly! Unfortunately it is not one flat charge, there are several and they can add up to a huge amount. Besides the actual towing, there may be fuel or mileage charges, storage fees, and possibly after hour fees. To avoid what could be hundreds of dollars on TOP of a deductible, add towing coverage to your policy when available.
Even with the latest processes and technology, repairs to a vehicle could take awhile. Due to delivery of parts, when required, and to the repairs being done right, you could be without transportation for some time.
When another vehicle is needed to get to work, or other places, a rental car is an option. Rental cars come in various sizes and range accordingly with the daily rate. But just like with towing, there are many fees attached, such as mileage. If repairs to your vehicle take a few days or a few weeks, the daily charge will be hefty, especially with an out-of-pocket insurance deductible. Discuss your options with your insurance company for rental car coverage to avoid more costly expenses.
In Oklahoma, 1 in 4 drivers are uninsured. The chances of being involved in a collision with one of these motorists is high. Oklahoma is taking steps to fight this but protecting yourself against one of these motorists is important. Much like the towing and rental car coverage, uninsured motorist coverage is an added option. Uninsured coverage will help with injury when the other motorist is at fault.
While it is not fair that every driver is properly insured, it is smart to include this on your policy, further protecting yourself and your investment.