Understanding Auto Insurance Policies Bayside NY

While everyone that drives in this country has to have some form of auto insurance by law, many do not understand the basics of their policies. While we don't all have to be auto insurance experts, it is important to at least comprehend the major bricks that build our auto insurance policies.

There are five parts of a typical auto insurance contract (the titles of these sections may differ slightly from insurer to insurer, but they all address basically the same points):

Coverage Parts/Insuring Agreement. This section outlines the coverage options and coverage limits that you purchased, such as liability, medical, collision and comprehensive. This section basically outlines what your insurance company promises to provide in return for your payment, based on the coverages and coverage limits you selected.

Exclusions. This section simply details what is not covered by highlighting your policy's limitations. Combined with the section above, this ensures that you know exactly what will be covered when you make a claim. It also shows you some possible deficiencies that you might want to correct down the line. ...

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