Auto Insurance in Tucson AZ – Additional Coverage to Opt For
Car insurance policies can be generally classified into varied categories on the basis of the types of coverage they come with. There are broadly 4 types of auto insurance in Tucson AZ policies, which are No Fault Automobile Insurance policy, Underinsured and Uninsured Motorist Coverage Policy, Comprehensive Coverage Insurance and Collision Insurance. There are also additional policies other than these which can cover other things such as a car loan, payments for car rental expense while your own car is getting repaired and payments for towing
costs. Some of the additional policies include the following ones:Auto Lease Protection
This is an extra protection which can be added to an existing comprehensive or collision car insurance policy. It can help fill up the gap left between the actual price of your car and the loan amount that you have taken from the lender to pay for the purchase of the same vehicle.
Bodily Injury Liability and Property Damage Liability
These are two policies which can safeguard you from any of the claims made against you for damage to another person or vehicle. The policy mentions all amounts that are needed for compensating physical injury or even loss of life for the other party in some specific cases.
Medical Payments Insurance
It offers coverage for all medical costs incurred for taking care of injuries suffered during accidents which include any car for the insured, other occupants of the vehicle and the other parties – regardless of whether the insured or the other party was responsible for the accident or damages.
Rental Expense
It is referred to as Extended Transportation Expense Coverage. This type of auto insurance in Tucson AZ policy offers coverage for the expense in hiring a rental car while you are getting your car replaced or repaired after a mishap or accident.
Limited Tort and Full Tort
It is only available in Pennsylvania and allows you to avail unlimited rights to file a lawsuit against the other party which has been responsible for the mishap. It can also let you recover the expenses which have been incurred for specific damages.
Towing and Labor
It is another type of coverage which can pay for all the labor and towing expenses necessary to tow your mangled car to a garage or work shop.
Agreed value policy
Sometimes, this type of auto insurance policy can be essential. In such a policy, the value of the vehicle is specified and then agreed on at the beginning. But this is generally done only in case of high value cars with state of the art features. In case of such vehicles, it is tough to set a market value. When it comes to classic or vintage cars, a high premium can be needed at the very outset.
It is important to consider all the types of coverage, and determine which policy would be suitable for your own budget and requirements. Each type of additional coverage offers some specific advantage, which can be useful for your own situation.
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