What are some often forgotten car insurance coverages?
Liability insurance is required in 49 states and D.C., making it the most common and recognized form of insurance. Some other states require Uninsured Motorist or Personal Injury Protection insurance. Comprehensive and Collision are also commonly known. They aren’t the only forms of coverage though. Some less well-known ones are:
• Med Pay – coverage that picks up your medical bills up to your coverage.
• Rental reimbursement – this coverage will pay for you to rent a car while your vehicle is in the shop or is stolen.
• Towing – coverage for towing expenses should your car break down.
• Gap insurance – this insurance is vital if you’ve purchased a new vehicle. It will cover the gap in your car’s value versus what you owe.
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