Car insurance policies can seem to be written in a foreign language and the subject matter is rarely very interesting. But reading the information carefully and knowing some of the tricks of the trade can help you to get the most out of your insurance policies.
This article can help you choose the best insurer for you when you are buying car insurance in Pennsylvania.
You’re Not Trapped. Remember, you aren’t stuck with any insurance policy. Regardless of your policy’s expiration date, you can get out whenever you’d like. But, don’t cancel a policy without having another one in place. You don’t want to be uninsured.
Small Companies are OK. Keep in mind that smaller insurance companies are not necessarily worse than the big ones. Those enormous carriers have proportionately sized marketing departments which focus on bringing in customers like you. When you pay those big guys, a portion is going to their marketing department. Small insurance companies won’t have marketing departments like that, and therefore won’t need to fund them.
You Can Lower Those Rates. If a traffic ticket or auto accident has resulted in your insurance rates going up, don’t assume you’re stuck with high premiums.
Not only is it good to know how to get in or out of an insurance policy, it is also good to know which coverages to purchase This is where speaking to a Philadelphia or Pennsylvania accident attorney can greatly benefit you. A personal injury lawyer knows well the policies you will need in the event of a car accident. If you are buying car insurance it is a good idea to consider the advice of a PI lawyer.
The Three Most Important Coverages You Should Buy In Pennsylvania
You really need are uninsured motorist (UM) coverage and underinsured motorist (UIM) coverage and full tort coverage. Here’s what you should know:
Uninsured Motorist (UM) Coverage. This coverage protects you in the event that an uninsured motorist hits your car. It also protects in the event that your car is struck by a driver who flees the crash site. In the absence of the at-fault driver, your insurer will pay you according to the coverage amount you bought.
Underinsured Motorist (UIM) Coverage. This coverage will offer you security in the event that the driver who hit you is not covered well enough to pay for the damage done to you and your property. In this case, you can file a claim with your own insurer who will then make up the difference.
Full Tort Coverage. Purchasing full tort coverage means you will have unlimited access to courts in the wake of a car accident. Many people purchase “limited tort,” which greatly limits their ability to seek compensation following an accident. For more detailed information on this coverage, see our Car Accident Questions section.
There is much and more to know about buying auto insurance in Pennsylvania. A great resource on this is lead attorney Stuart A. Carpey’s book Purchasing Auto Insurance in Pennsylvania, which can be ordered for FREE on the Carpey Law website.