Potholes and Pitfalls: Avoiding Common Auto Insurance Mistakes

The Insurance Outfit is here to help residents of Chester, NJ, and the surrounding areas navigate the pitfall-filled world of auto insurance. While it’s essential to understand what the law requires regarding basic car insurance coverage, determining exactly how much additional coverage you will need can often be challenging. Here are some common auto insurance mistakes you should avoid when setting up your plan.

Assuming Comprehensive Insurance Covers Everything

A common mistake is assuming comprehensive coverage includes everything you need. While comprehensive car insurance should cover damages caused by natural disasters, theft, accidental fire, vandalism, and more, it doesn’t cover every possible incident. Ensure you understand precisely what your policy covers and supplement it with additional coverage if necessary.

Underestimating Your Coverage Needs

Many people underestimate their coverage needs, which can lead to serious financial issues in the event of an accident or other covered incident. For instance, if you are in an accident and your medical bills exceed the limits of your personal injury protection (PIP) coverage, you may be responsible for paying those expenses out-of-pocket. To avoid this, ensure your PIP coverage is adequate for any potential medical bills related to an auto accident. In addition, consider adding uninsured/underinsured motorist (UM/UIM) insurance to protect yourself against drivers who don’t have the required coverage.

Failing To Update Your Policy

It’s essential to keep your insurance company informed of any modifications or additions you make, such as installing a new sound system or adding a tow package. This will ensure that you have the correct type and amount of coverage for your vehicle in case of an accident or other covered incident.

At The Insurance Outfit, we can help you ensure you have the right vehicle coverage and situation coverage. Our experienced agents are here to answer any questions about auto insurance policies and help you find a plan for your needs. Don’t let common auto insurance mistakes stand in the way of protecting yourself and your family; contact The Insurance Outfit today. We’re here to help you navigate the potholes and pitfalls of auto insurance coverage in Chester, NJ.