Car insurance is confusing, and it becomes even more complicated when you have to worry about coverage for damage that you do to your own personal property. Liability covers other people’s stuff, but when it comes to your own, you’ll need a more comprehensive insurance policy to make sure you aren’t left paying for all the damages on your own.
Hitting Your Own Vehicle
If you or one of your family members manages to hit one of your vehicles with another of your vehicles, you’ll have a pretty serious mess to clean up. If you only have liability insurance, you’ll be left paying for all the damage on your own, but if you happen to have collision you should be able to get that damage taken care of.
You’ll likely have to pay the deductible for one or both of your vehicles, and then the insurance company will pick up the rest of the cost for you. Some companies will waive one or both deductibles in such an instance, but what happens depends on the company that you use.
Running into Your Home
A driver’s worst nightmare is driving right into his own home, but it’s happened to more than one driver in the past. If it happens to you, it’s important to know that there are options available to you. Any damage that occurs to your vehicle will be covered by a collision policy on your auto insurance, but that policy will not cover damage to your home. Instead you’ll have to rely on your homeowner’s policy to cover those damages. That means if you don’t have homeowner’s insurance you’ll be paying for the damage out of pocket instead.
If you get injured from a personal accident and it isn’t the fault of anyone else, you can still get covered by your auto insurance, as long as it offers Personal Injury Protection. The way that this works is that the hospital that treated you will file a claim with your insurance company. That claim is then processed by your policy and the full amount needed will be paid out, up until you hit the limit of the policy. If you hit the limit, you can file the rest on your health insurance policy and hopefully they will pick up the rest of the tab minus your deductible.
A Driverless Vehicle
If you made the mistake of parking on a hill without setting your emergency brake, you could come back to the nasty surprise of a damaged vehicle far away from that original parking spot. If you begin to panic about covering the costs of all that damage, fear not as long as you have collision on the vehicle. That’s because collision will cover the costs of the damage that your vehicle suffered, after you pay the deductible of course.
There are plenty of unorthodox accidents that you could end up having to deal with in the future. Hopefully, now you’ll have a better understanding of how to handle the issues, and also which insurance policy you should get on your vehicle and your home.