What type of coverage do you need?

Car KeyIt's always important to check whether or not you need collision coverage, regardless of if you're looking over a current policy or signing up for a new one. Getting collision coverage isn't a sure thing in all cases though – there are some circumstances where it is more important than others. Here's some helpful tips to get you up to speed and find out what you need.

What Is Collision Coverage?

 Collision coverage is what your auto policy helps pay when your car suffers damage from collision with another vehicle, overturns or strikes a stationary object. All you have to pay is the deductible, while the insurance company will cover the rest or up to the value of what your car is worth, whichever sum is lower. There are a lot of factors that the insurance company takes into account for the value of your car, such as age and its general condition.

How Does Collision Coverage Relate to Fault?

 No matter whose fault it was in the accident, collision coverage pays. When the accident isn't your fault, the insurance company will make all attempts to collect payment from the other driver's policy. Complications can come up if the other driver isn't properly insured, which then leads to your agent needing to check your uninsured motorist coverage.

What if I Have an Old Car?

 The older and less valuable your car is, the less collision insurance is needed. Collision coverage is typically one of the more expensive parts of an insurance premium and there's no sense in playing for it if the value of your car isn't worth it.

But make sure you do lots of research to get the proper value of your car. Check the blue book value and check and see how much an insurer would give you if the car were totaled. It's also always good to remember that "totaled" doesn't mean your car has to be smashed to bits – it just means whenever the price of repairing a damaged car is more than what the actual car is worth.

For more information about Philadelphia car insurance, give The Weimer Group a call at (800) 716-6617.

Donna Bauer
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