The Importance Of Personal Auto Insurance: Are You Covered?

​Road safety is unpredictable, and accidents can occur at any time and anywhere, whether they're your fault or not. To protect yourself from the unexpected, it's essential to consider the benefits of personal auto insurance.

Understanding Personal Auto Insurance
Personal auto insurance is a common type of insurance designed to provide coverage for individual drivers. It offers financial protection while you're on the road, whether you're commuting to work, embarking on a road trip, or simply running errands. However, it's crucial to note that using your company vehicle for similar purposes may not fall under the coverage of your personal auto insurance. In such cases, you may need to explore separate business insurance options.

Inclusions in Personal Auto Insurance
Standard personal auto insurance typically includes several types of coverage, each serving a specific purpose. Let's take a closer look at these coverages:

1. Liability Coverage
What it covers: Liability coverage in personal auto insurance provides financial protection if you are found at fault in an auto accident. When liability coverage comes into play, it may cover expenses such as medical bills, lost wages, and property damage. This coverage not only protects you but also extends to:

• Policyholders.
• Family members listed on the policy.
• Drivers authorized by the policyholder to operate the vehicle.
• Employees or members of an organization covered by the insurance.

2. Medical Expenses Coverage
What it covers: Medical expenses coverage helps cover the medical costs of the driver and anyone in the vehicle listed on the policy at the time of an accident. It ensures that medical bills resulting from an accident are taken care of.

3. Uninsured Motorist Coverage
What it covers: Uninsured motorist coverage comes into play when you are involved in an accident caused by another driver who lacks insurance. This coverage helps cover expenses related to potential damages resulting from the incident. However, uninsured motorist coverage may not apply in certain situations, such as:

• You are operating an uninsured vehicle.
• The accident involves another vehicle covered by the same policy.
• You reach a settlement agreement without notifying the insurer.
• You are using a vehicle for business purposes without informing the insurer.

4. Physical Damage Coverage
What it covers: Physical damage coverage provides protection against any physical damage to your own vehicle. This coverage typically includes:

• Collision damage: Covers damages resulting from colliding with another vehicle.
• Non-collision damage: Covers damages caused by external factors such as floods, wind, or hail.

Be Prepared for the Unexpected
Road damages can be costly, whether you're at fault or not. Accidents can happen suddenly and without warning. Personal auto insurance is your safety net, helping you mitigate the financial aftermath of such incidents.

By having the right personal auto insurance coverage in place, you can have peace of mind knowing that your insurance will step in to handle the financial aspects, allowing you to focus on recovering and moving forward after an accident.

At McClain Matthews Insurance, we put our clients first by offering them policies that they can afford. Insurance is a necessity nowadays, and we're here to help you. Learn more about our products and services by calling our agency at (317) 298-7500. You can also request a free quote by CLICKING HERE. 

Disclaimer: The information presented in this blog is intended for informational purposes only and should not be considered as professional advice. It is crucial to consult with a qualified insurance agent or professional for personalized advice tailored to your specific circumstances. They can provide expert guidance and help you make informed decisions regarding your insurance needs.​