In Macon, GA, liability-only insurance is the most basic form of auto coverage and is typically required by law in most states. It covers the costs associated with damages and injuries you cause to others in an accident where you are at fault. This includes bodily injury liability, which caters to the cost for lost income and medical expenses for those hurt in the accident, and property damage liability, such as damages to vehicles or structures. However, liability insurance does not cover any damage to your own vehicle or injuries you sustain.
Full Coverage Insurance
Full coverage insurance offers more comprehensive protection. It includes liability coverage, as well as additional types of coverage to protect your own vehicle. The two key components are collision and comprehensive coverage. Collision insurance pays for repairs to your vehicle after an accident, regardless of fault, while comprehensive insurance covers non-collision incidents, such as theft, vandalism, fire, or weather-related damage. Full coverage also typically includes uninsured/underinsured motorist protection, which helps cover your expenses if you’re hit by someone without sufficient insurance. This option provides broader financial security but comes with higher premiums.
Choosing the Right Coverage
Deciding on coverage depends on your personal circumstances. Full coverage is usually recommended for newer vehicles or those financed through a lender, as it ensures your car is protected in various situations. However, if you drive an older vehicle with a lower value, liability-only insurance may be more cost-effective, as the cost to replace or repair the car might exceed its worth. The decision should balance your financial situation, vehicle value, and risk tolerance.
O’Mahony Insurance Agency LLC Explains Everything Concerning Insurance
O’Mahony Insurance Agency LLC is here to answer all your insurance questions. We serve Macon, GA, and surrounding cities. Contact us today.
