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Press release
Published January 30, 2023
Palos Hills, Illinois –
Insurance Navy Brokers, an insurance company based in Chicago, Illinois, recently released a guide to how much insurance a person needs. According to statistics from the Association for Safe International Road Travel, more than 38,000 people die in car crashes each year, and 4.4 million people need serious medical assistance after a car accident. In other words, traffic accidents can happen to anyone at any time. So car insurance is a must and the remaining question is how much a particular driver actually needs.
“Auto insurance is like a kind of safety blanket in case you get into a car accident or other unfortunate situation,” said Agnes Zabawa, spokesperson for the insurance company. And personal injury can get expensive very quickly, and cheap car insurance can swoop in to help ease some of the financial burden, such as medical and repair bills. How much car insurance do you really need and under what circumstances does it cover you?There is a whole catalog of types of coverage available, both mandatory and optional. It’s important to research the types of coverage available to determine what you will need if you are injured or your car is damaged after an accident.”
According to an Insurance Navy Brokers article, the standard types of auto insurance available are: Personal Injury Protection (PIP); Collision Insurance Coverage; Comprehensive Insurance Coverage; and Uninsured/Underinsured Auto Insurance Coverage.
Auto liability insurance coverage is the minimum required coverage in most states. In the event of an accident caused by your negligence, it covers your expenses if you injure someone or damage someone else’s property with your vehicle. Personal Injury Liability covers the cost of injuries suffered by the policyholder or any other person named in the policy during an automobile accident caused by another driver. Property damage liability is intended to cover costs incurred when a policyholder or policyholder damages another’s vehicle or another property in an accident.
PIP is intended to pay medical bills for passengers injured in car accidents, regardless of who is at fault. This differs from accident insurance, which only covers medical expenses. In some cases, it goes beyond medical insurance to include loss of wages if you are unable to work due to an injury. Collision insurance covers the cost of repairing or replacing your car after an accident, regardless of who is at fault. Comprehensive insurance that compensates for damage when the vehicle is not in use. Uninsured and Underinsured Driver Cover is for accidents involving drivers with insufficient or insufficient insurance coverage.
As for the question of how much car insurance you need, the general rule to follow is as much insurance as you can afford. States usually have a mandatory minimum liability insurance, but it’s usually recommended that you get more than the minimum. We recommend that you consider the value of your car as an important determining factor. This is because taking into account the actual value of the car, it may not be worth getting collision or comprehensive insurance. Also, if you have an auto loan or lease, gap coverage may be a good fit.
Founded in 2005, Insurance Navy Brokers offers non-standard auto insurance through more than 30 stores, call centers and online in Illinois, Wisconsin, Texas, California and Indiana. In addition to auto insurance, we also offer other financial products and services such as renter insurance, homeowners insurance and roadside assistance insurance. Non-standard auto insurance provides driver liability coverage that complies with each state’s minimum limit. They also focus on SR22 insurance, which serves as proof of financial liability for high-risk drivers. We have built partnerships with Direct Auto Insurance, Progressive Corporation, Next Insurance, and The Hartford to help our customers connect with trusted companies and find the most cost-effective insurance for their specific needs. .
“How Much Auto Insurance Do I Need?” You can check the Insurance Navy Brokers website, call or email.
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To learn more about Insurance Navy Brokers, contact the company here.
insurance navy broker
Agnes Zabawa
3125006903
[email protected]
105 W Adams St Suite 3600, Chicago, IL 60603
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