I am going out to purchase a new car that will have a loan on it. I know the lender requires a full-coverage policy and I will soon be looking for a quote for auto insurance. What types of coverage’s are available on most full-coverage auto policies?

The following is a list of coverage’s available on most auto policies:
• Collision Coverage. Covers auto damage from a collision with another car.
• Comprehensive Coverage. Covers auto damages from causes such as fire, theft, hail, vandalism or many other events.
• Bodily Injury Liability. Protects against a claim or lawsuit if others are injured in an auto accident that you or your family are considered legally responsible.
• Property Damage Liability. Protects against a claim or lawsuit for any damage you may cause by an auto accident to someone else’s auto or property.
• Medical Payments. Pays for reasonable medical expenses, or certain other expenses resulting from an auto accident for you, your family and your passengers.
• Uninsured/Underinsured Motorist. Covers injury resulting from a hit-and-run accident or uninsured driver.

Additional Coverage Options:
• Rental Reimbursement. Covers the expense of a rental car while your vehicle is being repaired.
• Towing and Labor. Provides towing service for a disabled vehicle.
• Full-Value Replacement. Provides loan/lease payoff coverage when the lien holder is a financial institution.

Coverage’s will vary between companies and policies; be sure to go over your coverage options with your independent insurance agent.

Our Melbourne Auto Insurance Agency is centrally located in Brevard County, enabling us to locally serve Viera, Cocoa Beach and Palm Bay.

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