Are you beginning to shop around for a vehicle insurance policy in Chicago and finding yourself a bit confused by the different options, limits, and coverage amounts? If so, it is not all that unusual. A lot of consumers are left a bit dizzy by the many features they must address when seeking a few quotes or to compare pricing. To help you make the best choices when getting a quote for a vehicle insurance policy in Chicago or actually creating a plan, we explain the different elements that will feature in your policy options. Keep in mind that most areas of coverage are individually or separately priced as this ensures you can enjoy a bit of flexibility in the prices.
Bodily Injury Liability
One component in a vehicle insurance policy is the coverage that applies to the injuries you (or whomever is designated as the driver) causes to others in the accident. Though you may think, “Well, I won’t take much here because it is not me or my family members” reconsider. This is because anyone in a serious accident and who is at fault for it may find themselves being sued for enormous sums to cover medical bills for those injured. You’ll want enough to protect all of your assets and savings in the event of a major accident.
Collision
This is the part of your vehicle insurance policy in Chicago that will pay to any damages to YOUR vehicle when it is in an accident. And this is true whether it is a collision with another vehicle, a tree, sign, building or anything else. Some policies even consider damages due to a huge pothole as covered by collision.
You will have to choose a deductible for this area of coverage, and whether or not you are at fault, you will pay only that deductible to have the car repaired. If you are not at fault, your insurer may pursue the person who was at fault for the amount of the repairs and your deductible.
Comprehensive
This is something you can choose if you are eager to have financial protection from damages due to anything other than a collision or theft of the vehicle. For instance, a deer strike, falling tree, vandalism or some sort of extreme weather that damages the car is covered by this policy. It too has a separate deductible.
Property Damage
If you damage someone else’s property with your car, this part of the coverage will pay for the damages.
Uninsured or Underinsured Motorist
This coverage reimburses you (or anyone on the policy) if they are in an accident with someone who does not have adequate coverage to pay for the losses or damages. This even protects you if you are walking or cycling and are hit by someone without adequate coverage.
These issues apply to your vehicle insurance policy in Chicago and will affect the costs. You may want to speak with an agent if you are still confused. At Illinois Automobile Insurance Agency you can submit a request online or phone in for a quote. You can also connect them on Facebook.
