Shopping For Car Insurance In Virginia Part 2

By Ben Glass, Esquire

Benjamin W. Glass and Associates

. https://www.benglasslaw.com/

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Shopping For Car Insurance In Virginia Part 2

Part 2

In the market for car insurance? Don't know where to start? Don't know what to look for? Well, a former car insurance adjuster was interviewed about what to look for when purchasing car insurance. This three part series examines the buying process from an ex-industry insider.

If you missed part one of the series we discussed understanding your own values and how that applies to the considerations of buying car insurance. In part two, we will briefly explore some of the broad details regarding how a policy functions and what it offers.

There are three major differentiators regarding a car insurance policy. These considerations include the different coverage options available to you, the limit of each specific coverage on your policy, and the specific language regarding the application of coverage to a car accident.

An example of this is medical payments overage. This is an optional coverage that may apply to your incurred medical expenses in the event of car accident in which you sustain injuries, regardless of fault. Companies may offer different limits of this coverage. You may be able to select $500, $1,000, $2,000, or potentially more depending on the offerings made available to you by a company.

As a further consideration, in certain states, the number of cars listed on your policy may multiply your medical payments coverage limit. Remember, the limit of any coverage is just that, a limit, so expect to pay out of pocket for any expenses that exceed the limit of any applicable coverage.

It's important to note that different states have different legal restrictions on the types of coverage on a policy and the minimal limits that a policy can carry. For example, Virginia requires you to carry a minimum of $20,000 property damage coverage, while Pennsylvania only requires you to carry a minimum of $5,000 property damage coverage.

There are major implications to knowing your state's minimum coverage because these are frequently the types of coverage purchased by consumers (remember, just because it's common does not make it smart or advisable). If matters weren't complicated enough, driving from one state to another may also affect the limits of your coverage.

If you want to get a clearer picture of what all this means to you, consider reaching out to a competent attorney before you're involved in an accident.