The world of car insurance can be scary, confusing, and overwhelming. Unless you are a car insurance agent, then you may not understand all the car insurance terms that are outlined in your commercial or personal car insurance policy.
But do not worry! We are here to share the top five car insurance terms that we think you should know to better understand your car insurance policy.
- Full Coverage – Full coverage implies that policies include car insurance coverage that surpasses basic liability protection. But do not be fooled! Full coverage does not truly exist.
- Deductible – A deductible refers to the out-of-pocket expenses that you will pay when making a car insurance claim.
- Declarations Page – This refers to a summary of your car insurance coverage, such as the limit of coverage, cost of coverage, and which vehicle is covered under a given policy.
- Gap Insurance – In the event that your car is totaled, gap insurance, or guaranteed asset protection is an optional coverage that covers the difference between the value of your vehicle and how much you owe.
- Collision Coverage – Collision coverage provides payment for damages to vehicles, no matter who is at fault.
At Beck Insurance Agency we have decades of experience serving car insurance in Perrysburg, Toledo, Bryan, OH, Sylvania, OH, Montpelier, OH, Napoleon, OH, and the surrounding areas. Offering both personal and commercial car insurance solutions, we work with you and your budget to help you find the right coverage from the right carrier for your needs. But we do not stop there!
Our independent car insurance agents provide you with invaluable support as you navigate the ins and outs of car insurance coverage. From answering your questions, advocating on your behalf, filing claims, and more, we handle the complicated aspects of your car insurance policy, so you do not have to! Contact us today to learn more about our car insurance serving Perrysburg, Toledo, Bryan, OH, Sylvania, OH, Montpelier, OH, Napoleon, OH, and the surrounding areas.
