HOW WELL DO YOU KNOW YOUR POLICY?

The more you understand your policy, the more peace of mind you have knowing you are sufficiently covered in the event of an accident. To help you develop a better understanding of your policy, here are some common types of coverage that it may include. 

Common Types of Auto Insurance Coverage:

Auto liability coverage can offer you financial assistance in the event that you are found liable for a vehicle-related incident.

Collision coverage is typically required if your car is still being financed—but once your car is paid off, you often have the choice to keep or remove collision coverage from your auto policy. Although your policy may be cheaper without it, collision coverage can be beneficial in helping you cover damages to your vehicle for which you are found at-fault. 

Simply put, comprehensive coverage provides insurance for losses caused by anything that isn’t covered under your collision coverage, such as losses from natural disasters, riots, vandalism and contact with an animal. If a tree were to get struck by lightning and fall on top of your vehicle, your comprehensive coverage could help cover damages to your vehicle from the incident. 

Medical payments and/or Personal Injury Protection is designed to cover medical costs, lost wages and other expenses for you, drivers listed on your policy and passengers in your vehicle who may become injured due to a car accident - regardless of who is deemed at-fault. 

*Whether you have Medical Payment or Personal Injury coverage available to you, varies by state. Our specialists can help you determine the right solutions for you. 

A recent study by the Insurance Research Council revealed that, in the United States, roughly 1 in 8 drivers are uninsured. Having uninsured motorist coverage can ensure you are protected in the event that your car is involved in a hit-in-run or if you get in a car accident with an uninsured third party. *

Underinsured motorist coverage applies if you are involved in an accident with an individual who doesn’t have sufficient insurance to cover all of the damage to your vehicle or your medical bills. For example, if your claim exceeded the other driver’s policy limits, underinsured motorist coverage would help cover the remaining balance of the claim after the third party’s insurance limit was reached. *

*Coverages vary by state. Our specialists can help you determine what is appropriate for you. 

Want to know if you're properly covered? Reach out to our Personal Care Team today. 

TrueNorth | 500 1st St SE, Cedar Rapids, IA 52401 | (800) 798-4080