• Home
  • Politics
  • Health
  • World
  • Business
  • Finance
  • Tech
  • More
    • Sports
    • Entertainment
    • Lifestyle
What's Hot

Trump Announces First Post-Tariff Trade Deal

May 8, 2025

100 Funny Father’s Day Quotes for Hilariously Relatable Humor (and Plenty of Love Too)

May 8, 2025

Top 10 Benefits Of Acupuncture

May 8, 2025
Facebook Twitter Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Friday, May 9
Patriot Now NewsPatriot Now News
  • Home
  • Politics

    Security video shows brazen sexual assault of California woman by homeless man

    October 24, 2023

    Woman makes disturbing discovery after her boyfriend chases away home intruder who stabbed him

    October 24, 2023

    Poll finds Americans overwhelmingly support Israel’s war on Hamas, but younger Americans defend Hamas

    October 24, 2023

    Off-duty pilot charged with 83 counts of attempted murder after allegedly trying to shut off engines midflight on Alaska Airlines

    October 23, 2023

    Leaked audio of Shelia Jackson Lee abusively cursing staffer

    October 22, 2023
  • Health

    Disparities In Cataract Care Are A Sorry Sight

    October 16, 2023

    Vaccine Stocks—Including Pfizer, Moderna, BioNTech And Novavax—Slide Amid Plummeting Demand

    October 16, 2023

    Long-term steroid use should be a last resort

    October 16, 2023

    Rite Aid Files For Bankruptcy With More ‘Underperforming Stores’ To Close

    October 16, 2023

    Who’s Still Dying From Complications Related To Covid-19?

    October 16, 2023
  • World

    New York Democrat Dan Goldman Accuses ‘Conservatives in the South’ of Holding Rallies with ‘Swastikas’

    October 13, 2023

    IDF Ret. Major General Describes Rushing to Save Son, Granddaughter During Hamas Invasion

    October 13, 2023

    Black Lives Matter Group Deletes Tweet Showing Support for Hamas 

    October 13, 2023

    AOC Denounces NYC Rally Cheering Hamas Terrorism: ‘Unacceptable’

    October 13, 2023

    L.A. Prosecutors Call Out Soros-Backed Gascón for Silence on Israel

    October 13, 2023
  • Business

    Trump Announces First Post-Tariff Trade Deal

    May 8, 2025

    Electric Vehicle Sales Nosedive As GOP Takes Buzzsaw To Biden’s Mandate

    May 7, 2025

    Tyson Foods Announces It Will Bend The Knee To Trump Admin’s New Rules

    May 7, 2025

    Federal Reserve Holds Interest Rates Steady Despite Pressure From Trump

    May 7, 2025

    ‘Wait Them Out’: John Kennedy Tells Larry Kudlow One Lie He Suspects China’s Telling US

    May 7, 2025
  • Finance

    Ending China’s De Minimis Exception Brings 3 Benefits for Americans

    April 17, 2025

    The Trump Tariff Shock Should Push Indonesia to Reform Its Economy

    April 17, 2025

    Tariff Talks an Opportunity to Reinvigorate the Japan-US Alliance

    April 17, 2025

    How China’s Companies Are Responding to the US Trade War

    April 16, 2025

    The US Flip-flop Over H20 Chip Restrictions 

    April 16, 2025
  • Tech

    Cruz Confronts Zuckerberg on Pointless Warning for Child Porn Searches

    February 2, 2024

    FTX Abandons Plans to Relaunch Crypto Exchange, Commits to Full Repayment of Customers and Creditors

    February 2, 2024

    Elon Musk Proposes Tesla Reincorporates in Texas After Delaware Judge Voids Pay Package

    February 2, 2024

    Tesla’s Elon Musk Tops Disney’s Bob Iger as Most Overrated Chief Executive

    February 2, 2024

    Mark Zuckerberg’s Wealth Grew $84 Billion in 2023 as Pedophiles Target Children on Facebook, Instagram

    February 2, 2024
  • More
    • Sports
    • Entertainment
    • Lifestyle
Patriot Now NewsPatriot Now News
Home»Lifestyle»Essential Auto Insurance Considerations For The Summer
Lifestyle

Essential Auto Insurance Considerations For The Summer

June 7, 2024No Comments6 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Essential Auto Insurance Considerations For The Summer
Share
Facebook Twitter LinkedIn Pinterest Email

When summer rolls in, there is a newfound freedom that comes with being on the road with tunes blaring. Whether you’re planning road trips, commuting to your job, or simply hustling on the side, understanding the nuances of auto insurance can save you from unexpected expenses and stress. Insurance carriers have their own policies, which means coverages can differ from one person to the next. This is a general guide to help you understand the personal auto insurance policy and some other coverage issues you may not know exist.

Understanding Basic Coverage

The personal auto policy, sometimes known as PAP, is a packaged policy, like homeowners’ insurance, in that the liability and the property damage coverages are bundled together in one form. The following discussion provides a review for loss exposures associated with individuals.

There are 4 fundamental types of coverage in the PAP:

  1. Part A—Liability Insurance: This covers damages you cause to others in an accident. It typically includes both bodily injury and property damage liability.
  2. Part B—Medical Payments Coverage: This reimburses you for medical expenses when you or passengers are injured while in a covered auto or injured as a pedestrian.
  3. Part C—Uninsured Motorist Coverage: This protects you if you’re in a hit-and-run or an accident with a driver who doesn’t have insurance.
  4. Part D—Coverage for Damage to Your Auto: This coverage is split into two categories: collision and other than collision, also known as comprehensive coverage.
  5. a)Collision Insurance: This pays for damage to your car resulting from an impact with another vehicle or object.
  6. b)Other Than Collision (Comprehensive): This covers non-collision-related damages, such as theft, vandalism, and natural disasters.
See also  Why Herbal Abortion Talks Aren’t Safe for Social

The Importance Of Underinsurance Motorist Coverage

One of the most crucial, yet often overlooked, aspects of auto insurance is Underinsured Motorist (UIM) coverage. It may look like uninsured motorist coverage, but these are two separate coverages; their differences can have a large financial impact on you if you are involved in an accident.

As mentioned above, in the event of a hit-and-run or a not-at-fault accident where the other driver does not have insurance, your policy’s Part C Uninsured Motorist Coverage will step into the shoes of the at-fault driver and pay your medical invoices. Part D Coverage for Damage to Your Auto will cover the damages to your car. But what happens when the responsible person has insurance, but the coverage is not enough?

Unfortunately, there are times when the injuries sustained in the loss are severe and exceed the at-fault driver’s policy limits. This is especially true in states that allow low liability limits, such as Pennsylvania, whose bodily injury limits per person are $15,000, $30,000 for all people injured in an accident, and $5,000 for property damage (such as your vehicle).

If you do not have Underinsured Motorist Coverage and had medical invoices in the amount of $50,000, the most the at-fault carrier could pay you is $15,000 (their policy limit). You would be responsible for the remaining $35,000 in medical bills. Likewise, if your vehicle is a total loss in this accident, the most you would receive from the carrier is $5,000 to obtain a new car.

In a perfect world, every driver would have adequate insurance, but the reality is different. According to the Insurance Research Council, about one in eight drivers is uninsured. Underinsured Motorist Coverage ensures that you’re not left with hefty medical bills or repair costs if you encounter an underinsured or uninsured driver.

See also  Best After-Shower Body Oils For Supple, Smooth, Dewy Skin

Rental Car Coverage

Summer means travel, which might mean renting a car. It’s vital to understand how rental coverage works within your auto policy. Some policies cover rental cars only if your own car is in the shop due to an accident. The policy will discuss coverage for a “temporary, substitute vehicle” if the covered auto has a loss caused by a collision or other than collision accident. This means if you’re renting a car for a vacation or business trip, you might not be covered under your regular auto policy.

If your policy lacks comprehensive rental coverage, consider purchasing the insurance offered by the rental car company.

Gig Drivers

If you want to supplement your vacation fund with some side hustles, insurance on your car can get tricky. Gig drivers use their personal vehicles to offer rides to passengers or deliver food/drinks through app-based platforms.

The PAP won’t cover the car if you have an accident while you are on a gig (e.g. driving a passenger as a taxi service or delivering food). It may not provide coverage to the other vehicle or person(s) involved in the accident if you are at fault. Many of these app-based platforms have insurance you can take, but that policy doesn’t kick in until you’re “on the clock.” In other words, the policy is not in force unless you have a passenger or are delivering food.

Here are a few steps to ensure you’re well-prepared for gig driving:

  1. Review Your Policy: Take a close look at your current auto insurance policy. Make sure you understand what is covered and identify any gaps that might leave you vulnerable. If you are a gig driver, you may need commercial auto insurance.
  2. Review the Gig Policy: Some of the policies offered by the gig employers state they are “excess” of your policy. This means that their policy will only take effect after your coverage limits are exhausted.
  3. Contact an Insurance Agent: If you have questions or need to update your coverage, reach out to an insurance agent. They can provide personalized advice based on your driving habits and needs.
See also  Enhancing Emotional And Physical Bonds

In the End

Understanding the world of auto insurance can be daunting, but it’s a critical step in protecting yourself and your finances. By recognizing the importance of underinsured motorist coverage, the nuances of rental car insurance, and the issues surrounding gig driving, you’ll be well-equipped for the adventures summer has to offer.


Author Bio

Chantal M. Roberts, CPCU, AIC, RPA, is a self-described insurance nerd with over 20 years of experience as a multi-lined claims adjuster. She is also an award-nominated author who has previously written two books, one for mid-career adjusters, The Art of Adjusting: Writing Down the Unwritten Rules of Claims Handling, and a creative nonfiction story about Molière, A Love Story: How the Heartland Fell in Love With a 400-Year-Old French Comedic Playwright. Her new book, Once Upon A Claim: Fairy Tales to Protect Your Ass(ets) (May 11, 2024), provides consumers with a better understanding of property and casualty insurance and claims.

Auto Considerations Essential Insurance Summer
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

100 Funny Father’s Day Quotes for Hilariously Relatable Humor (and Plenty of Love Too)

May 8, 2025

Top 10 Benefits Of Acupuncture

May 8, 2025

101 Short Happy Father’s Day Quotes to Help You Express Your Gratitude and Love

May 7, 2025

110 Inspirational Father’s Day Quotes and Sayings to Help Celebrate Your Dad

May 6, 2025
Add A Comment

Leave A Reply Cancel Reply

Top Posts

Harvard Students Will Fight for the Chance to Attend Class Taught by Claudine Gay

January 4, 2024

Soulja Boy Dropped By His Attorney Weeks Before Assault Trial Over Alleged Unpaid Bill, ‘Breakdown’ In Communication

April 20, 2023

Guest schools Bill Maher, Sam Harris over double standard media give Biden after speaking truth about Trump-Russia lie

October 2, 2023

Challenge to Biden ESG investing rule will stay in Texas court

March 30, 2023
Don't Miss

Trump Announces First Post-Tariff Trade Deal

Business May 8, 2025

President Donald Trump announced Thursday the U.S. has reached a trade agreement with the U.K.,…

100 Funny Father’s Day Quotes for Hilariously Relatable Humor (and Plenty of Love Too)

May 8, 2025

Top 10 Benefits Of Acupuncture

May 8, 2025

Electric Vehicle Sales Nosedive As GOP Takes Buzzsaw To Biden’s Mandate

May 7, 2025
About
About

This is your World, Tech, Health, Entertainment and Sports website. We provide the latest breaking news straight from the News industry.

We're social. Connect with us:

Facebook Twitter Instagram Pinterest
Categories
  • Business (4,110)
  • Entertainment (4,220)
  • Finance (3,202)
  • Health (1,938)
  • Lifestyle (1,626)
  • Politics (3,084)
  • Sports (4,036)
  • Tech (2,006)
  • Uncategorized (4)
  • World (3,944)
Our Picks

‘It’s Not Political,’ Avoids Hollywood-Style ‘Lecturing and Scolding’

October 9, 2023

ESPN’s Sam Ponder Praises Ex-UPenn Swimmer Paula Scanlon for Testimony on Trans Athletes

July 28, 2023

“It’s Messi in a final”

August 19, 2023
Popular Posts

Trump Announces First Post-Tariff Trade Deal

May 8, 2025

100 Funny Father’s Day Quotes for Hilariously Relatable Humor (and Plenty of Love Too)

May 8, 2025

Top 10 Benefits Of Acupuncture

May 8, 2025
© 2025 Patriotnownews.com - All rights reserved.
  • Contact
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.