Congratulations on buying your new car!
We know that you will be really excited to try your hands at it. As a responsible car owner, make sure that you keep your car in good condition and obey traffic rules. While you prepare for your drive, you must also make sure that you make the right auto insurance coverage choice. There are many insurance companies Atlanta GA that offer great options. But without the knowledge of the different types of auto insurance in South Carolina, you won’t be able to make the right decision.
The different types of insurance coverage vary in terms of the protection they offer. Along with the basic insurance coverage, you can also choose add-ons depending on your requirements. So, let’s take a look at the different types of auto insurance coverage options you can choose from.
Third-party Liability Coverage
If you choose this type of coverage, you will be able to cover the costs of repairs/ replacements of the third party’s damaged vehicle, the cost of hospitalization and treatment of the third party, and any type of liabilities arising out of death of the third party. Also, note that this type of coverage is needed to drive on roads.
Own Damage Or Collision Damage Coverage
When you choose collision damage coverage, you get the costs for repairing the damage caused to your own vehicle. Based on the age and Insured Declared Value, the costs of collision coverage are calculated to arrive at the premium. After you file an application for the collision damage, the maximum amount payable is given by the IDV less accumulated depreciation. And if your vehicle was purchased on a loan, you must hold the collision cover.
Uninsured Motorist Coverage
This type of insurance covers medical and injury-related expenses for you and your passengers if you are in an accident with an uninsured driver. It will also cover the damages caused to your vehicle depending on your state’s law. This type of insurance is required in some states.
This type of insurance covers the medical bills for you and your passengers, no matter whose fault it was. It’s also called MedPay sometimes and covers the medical bills for the injuries suffered in a car accident.
Personal Injury Protection (PIP)
This type of insurance covers accident-related medical bills for you and your passengers, no matter whose fault was the accident. It also covers related expenses like rehabilitation costs, lost wages, and funeral expenses. It’s similar to medical; payments but it covers some additional costs.
If you are looking for the best auto insurance South Carolina, Velox Insurance can help you find it. Velox Insurance agents are experienced and knowledgeable and their focus is to use their expertise to find the best coverage at the most affordable price for our customers. You can easily compare different insurance companies in Atlanta GA to find the best one for you. We are always looking for ways to provide value to our customers and to make the policy buying and maintaining process as easy and as convenient as possible.