Owning a car is a great responsibility. Apart from the fact that you need to pay for the car, you also need to keep on top of the insurance. A lot of people think that their insurance covers everything, but there are plenty of things that aren’t covered by all policies.
One of the most confusing aspects of buying car insurance is the fact that the coverage you have already may not be sufficient for you to claim. It’s very important to read your policy and get to know what it covers and what it doesn’t.
Thing your car insurance DOESN’T cover:
The term personal property is a bit misleading because it refers to things inside your car, such as your clothes, CDs, or bags. However, if you pack your bag with $10,000 worth of jewelry and leave it in there while you have the window down (or even cracked open), you’re going to have a bad time.
Obviously, if someone hits you and injures you, this isn’t covered. But even if you are hit by an uninsured driver and suffer no injury at all, this won’t be covered by your insurance company.
If someone hits you because of something you did (such as running a stop sign), that person can sue you for damages like medical bills or lost wages. This is called a liability claim and only serves to embarrass you because everyone will find out about how much of an idiot driver you are.
Your insurance company will not pay for things stolen from One of the most confusing aspects of buying car insurance is the fact that the coverage you have already may not be sufficient for you to claim. It’s very important to read your policy and get to know what it covers and what it doesn’t.
Accidents due to natural disasters such a volcano eruption or tornado or earth quakes are not covered by your insurance.
Towing and labor costs
This is obvious – if your car breaks down, you’re on your own. If you have to get towed to the shop and it takes two hours, that’s $60 in labor costs that aren’t covered by your insurance policy. Depending on how long it takes to get your car repaired, don’t be surprised when the bill goes up by a couple hundred dollars once they’ve done the estimate.
If another driver hits your car and doesn’t have insurance, or if your car is stolen and it gets damaged during the crime, you’re out of luck. Your insurance company won’t pay for property damage from those sources.
Lost keys or key fobs
If you lose your car keys or remote entry device and have to pay a locksmith to get back into your car, that’s not covered. The best way to protect yourself is to have an extra set of keys or fobs made so that you don’t have to worry about this kind of sitpuation.
Overall, it’s important to know what is and isn’t covered by car insurance. It will save you time and money in the long run if you know exactly what you should expect from your policy.