We want you to have the peace of mind that your auto insurance policy will take care of your vehicle if it is damaged by an accident, fire, theft, or other event. But which type of insurance is right for you? Each state has different auto insurance laws; some require liability insurance — which covers the property losses you cause others. Others, such as Michigan, require no-fault insurance which covers medical and other injury-related expenses for you and your passengers, regardless of who is at fault. Some states require both liability and no-fault coverage.
Each state has minimum required bodily injury limits, but it is imperative that you purchase limits high enough to protect your assets. Michigan's no-fault insurance pays for your medical expenses, wage loss benefits and replacement services, regardless of fault. However, in the event that you are at-fault in an accident, you can be sued if the accident results in death, disability or disfigurement. Choosing higher liability limits will protect your assets including your house, cars, 401k and other retirement funds and possibly your largest asset, future earnings.
To protect physical damage to your vehicle, you can purchase additional coverages:
Collision insurance pays for any repairs needed for your vehicle after an automobile accident, up to the fair market value of your car.
Comprehensive insurance pays for other types of damage done to your car, such as by theft, vandalism, or natural disasters (e.g., flood, hurricane, tornado, fire), up to the fair market value of your car.
Kujala Insurance Agency understands the car insurance needs of our customers and understands that each situation is unique. We will help you find the insurance that works for you, at the price and value that suits your needs. Contact us today for help selecting the right car insurance policy.