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HOW WELL DO YOU KNOW YOUR AUTO INSURANCE?
Have you read your auto insurance policy? Do you know your coverage amounts? Are you prepared with rental car coverage or protection with underinsured motorists? If you are unsure of any of these answers, keep reading to understand your auto insurance.
COVERAGE
Coverage is the type of insurance that is ‘covered.’ The minimum insurance requirement, in the state of Oklahoma, is liability coverage with minimum limits set at 25/50/25. This can be purchased when there is no money owed on the vehicle and the vehicle is not leased. The important thing to know about liability is it does not cover costs of your own vehicle or injuries. Liability covers other persons injured and their damaged vehicles when you are at fault in a collision and ONLY up to the limits of your liability coverage.
Collision coverage is needed to cover damage to your vehicle. (*Deductible applies) Medical coverage is needed for injuries you yourself sustain and is up to the limits you set.
But these both are for accidents/collisions. So what is needed to help protect you in the case of damage caused by storms or if the vehicle is stolen? Comprehensive is added to insure your vehicle against theft, storm damage, vandalism, and when struck by an animal. (*Deductible applies)
OTHER COVERAGE TO CONSIDER
Often, when an accident happens or an auto has suffered damage, a rental vehicle is needed while the auto is being repaired. Most insurance providers offer this option. It is wise to discuss with your agent, however. Some providers are changing what they will cover and establishing a percentage such as 80/20, with 20% being out of pocket. Rental insurance is usually not automatic, so it must be added.
Another extra coverage is uninsured motorists protection. Uninsured motorists protection pays for bodily injury damages to you, members of your family who live with you, and other other people in vehicle who are injured by an uninsured motorist, a hit-and-run motorist, or an insured motorist who does not have enough liability insurance to pay for bodily injury damages to any insured person.
OTHER TERMS
Once coverage is set with amounts, a premium and deductible can be adjusted. Read last month’s blog and how these amounts are calculated.
*Deductibles-The money you agree to pay out of pocket when a claim is made against comprehensive or collision on your policy. For example…if your deductible is $500 and repairs from an accident or comprehensive loss total $1,500, you will be responsible for paying the first $500 to the repair shop. The insurance company pays the remaining $1000.
We hope this helps with the basics, but always call your provider with any questions. Insurance doesn’t have to be confusing, agents are there to help!
Freeman Collision Center offers expert hail damage auto repair in Oklahoma City, OK. Call 405-942-6455 for top-quality auto body repair services.
When your vehicle needs repairs, the choice between a small, independent collision shop and a large corporate chain can be challenging. But at Freeman’s Collision Center, we believe that local businesses like ours offer something corporate shops simply can’t: personalized care, exceptional craftsmanship, and a commitment to the community.
Have you ever been told by an insurance adjuster or a direct repair program (DRP) shop that your car repair won't be guaranteed or have a warranty unless you use their specific shop? This is a common tactic used to steer customers towards certain repair facilities, but it's simply not true. In Oklahoma, as in many other states, you have the right to choose any auto repair shop you want.
Read this article to learn the differences between traditional dent repair and paintless dent repair to help you choose the best solution for your vehicle.
After years of experience, driving will change for a senior citizen. From insurance changes to physical challenges, everyday driving will be increasingly more difficult. If you have family members in their early 60s, now is the time to prepare for these changes.
As a consumer, you have certain rights when a collision happens and repairs are performed. These rights can vary from state to state. In the state of Oklahoma, be sure to know your rights when you are in need of repairs for your vehicle.
Oh the stress of studying for your driver’s license! It may have even been decades ago, but we all still remember the many rules we had to learn in order to obtain a license. Unfortunately as the days and years pass, we forget many of the laws we were required to know and observe as drivers. And each day, many drivers break these laws. Because the rules are in place for safety, it is important for a refresher course. Avoid needless collisions and tickets by relearning the driving laws you may have forgotten.
We drive to work, we drive for fun, and we drive to vacation destinations. No matter the reason for our driving, the most important thing is to be safe. While our vehicles are still evolving with the latest safety features, there are gadgets and accessories that can assist with that safety. Whether it’s for beloved family or the person who has everything, these are 5 gifts that can give that driver some peace of mind.
Road Rage is at an all-time high with congested commutes and full schedules. No matter if it’s the highway, city street, or rural 4-way stop, there are everyday situations that are frustrating drivers. Even the drive-thru can present a disagreement with driving. So, what is happening? Even if there are more vehicles on the road, there are written laws and unwritten courtesies that we should be observing. However, many times there are two sides to a story…
The majority of hit-and-run accidents involve a parked vehicle. And over 60% of those happen in parking lots. You may have been a victim of this type of accident and discovered the damage once you returned to your car. This is the fear of any driver, returning to a damaged car with no idea what happened or who is responsible. Being a victim in the situation can ruin anyone’s day but what if you are the one who hit the parked vehicle? There are actions you must take to protect yourself in this situation.
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Phone:
405-942-6455
Address: 3429 N May Ave Oklahoma City, Oklahoma 73112 Business Hours:
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