In the last episode we talked about Liability part of the policy, which provides coverage to you in case you are liable for damages to others for both suffering and damage to their property.
Today, let’s talk about protection for your vehicle. These are two parts of the policy that provide that protection:
Now remember, both of these coverages are subject to deductible. For example you may have $500. That means, if the damages are $2500, you will have to pay $500 first and the rest will be covered by insurance.
My favorite tip for you: to keep your premium low, especially if you have a new car, increase your deductibles. I suggest $1000, but you need to make sure you have $1000 in your Emergency Fund.