In North Carolina, just as in other states, auto insurance is mandatory protection. If you own an automobile, you must take out liability insurance. If you drive your car without liability coverage, you will be held liable for any injuries or property damage sustained by a third party.
How Auto Insurance Safeguards You Financially
When you review auto insurance plans in Belmont, NC, your insurance agent will help you decide which plans will benefit you the most. The benefits you receive are dependent on the type of insurance you buy. However, insurance is typically designed to protect you legally, safeguard you from large repair costs, and maintain the value of your vehicle.
Major Types of Auto Insurance
Three basic classifications of auto insurance plans are available. These classifications cover liability insurance, collision protection, and comprehensive insurance. Liability insurance assists you in meeting your minimum insurance requirement legally. Again, carrying liability insurance ensures that you can pay for third-party damages or injuries.
Non-Mandatory Coverage
Collision auto insurance plans pay for damages incurred by the insured in an accident. Comprehensive insurance pays for damages resulting from animal impact, natural disasters such as earthquakes or tornadoes, or vandalism. Some auto owners will not pay for non-mandatory protection such as collision or comprehensive insurance if they own less-expensive cars. However, you need both forms of protection if your car is of a higher value.
Uninsured/Underinsured Insurance and PIP Coverage
You may also want to speak to your insurance company about uninsured/underinsured insurance or personal injury protection (PIP) insurance. While North Carolinians do not have to buy these plans, these types of coverages offer additional financial advantages.
PIP pays for the medical costs incurred by the insured or his or her passengers. Uninsured/underinsured protection covers the insured if another driver cannot meet his or her insurance obligations.
Who to Contact
You can find out more about auto insurance coverage by contacting the Ewing Insurance Agency. Whether you need mandatory coverage or want to update your current policy, give the company a call at 704-861-0100. Going without insurance can result in a major calamity both personally and financially. Don’t go without protection. Contact us immediately. Visit us online at. You can pay a visit to Facebook page for more information!
