• What Are the Limits of Auto Insurance Coverage?

    Knowing about policies where agreements for auto insurance cover rims and accessories is actually a big question from many drivers who may have encountered problems with claims in the past. The basic answer to the question is: your auto insurance may cover these items, but usually it will not, unless you specifically ask for that kind of coverage.

    The Basics of Auto Insurance: Liability, Collision, and Comprehensive

    First, drivers should know that only a very specific kind of insurance will ever cover rims and accessories in any case. The basic kind of insurance that drivers have to take out by law is called liability insurance. This kind of policy won’t ever cover damage to your vehicle, excluding some irregular claims. The second kind of insurance is collision. This would generally cover damage to your vehicle as the result of an accident. The third kind, comprehensive, is the kind of policy where some drivers may be able to get accessories covered. Comprehensive auto insurance covers the car from things like theft and vandalism.

    Getting Specific Coverage for Rims and Accessories

    The problem is that even most comprehensive policies have exclusions. There may be language in your contract about what is or is not covered, and it may exclude rims and other added accessories, even in theft or vandalism cases. In this case, you have to ask for what’s called a “rider”. You may encounter some additional costs according to how the insurer assesses risk for rims or other items like detachable sound systems. One big factor is whether these accessories were factory direct, or aftermarket parts added by the owner. It’s easier to get factory direct accessories covered. For add-ons, a specific rider will probably be necessary.

    Because you can’t predict what will happen on any given day, auto insurance is available to cover the effects of an accident or other unpleasant automotive event. Car insurance coverage offers many different types of coverage, which can be purchased to protect you when these types of events occur.

    You can purchase bodily injury liability and property damage liability coverage, as well as comprehensive and collision coverage. Lastly, consider purchasing uninsured motorist bodily injury and underinsured motorist bodily injury coverage.

    No matter what state you live in, you will be required to have some sort of minimum auto insurance coverage in order to legally operate a vehicle. While the actual coverage limits vary from state to state, every state requires that you have minimum coverages for property damage and personal liability. a