Why is it important to buy car insurance?

Why is it important to buy car insurance?
Car insurance helps us protect our equity represented by the purchase of a vehicle. It applies to both individuals and companies.
Each vehicle sold leaves the agency with insurance; this occurs mainly as protection for the selling company if something happens to it before it finishes paying; also, it is mandatory to have automobile insurance in the United States.

When buying auto insurance at MSE Insurance, we help you:
• We connect you to your company’s adjuster if you have an accident or problem with your car.
• Also, against collisions, natural disasters, or vandalism, whether people are injured inside your vehicle or outside it.

Types of car insurance
In the US, car insurance is mandatory by law. Car insurance has different coverages.
These coverages are contracted by each one according to their needs or preferences.

Here we show you some of the coverage in a general way:
• Collision Damage Waiver (CDW): This coverage is responsible for repairing any damage that the car may suffer due to the collision. It only covers damage to the vehicle, not to people.

• Loss Damage Waiver (LDW): This coverage can sometimes find within the CDW description. This coverage takes care of paying for the car if someone steals it.

• Supplemental Liability Insurance (SLI): This is civil liability insurance, and if with the CDW we covered the damages that our car could suffer, with this coverage, we cover two things: the injuries that other vehicles could suffer due to our fault and also the people involved, for whose damages we are legally responsible.

• Personal Accident Insurance (PAI): This coverage is responsible for financially facing the damages that we may suffer like people in an accident: bodily harm.

• Personal Effects Coverage (PEC): This coverage is responsible for covering the cost of personal effects that someone can steal from your vehicle, generally up to a little expense.

• Roadside Assistance: It is the coverage that protects your broken-down car and in an emergency.

• Uninsured Motorist Bodily Injury (UMBI): It is the coverage that protects your car and you when you hit an uninsured driver, or he is not responsible for the collision, and he escapes.

• Rideshare Drivers: This is the coverage that protects you if you make ridesharing, for example, by offering a service like Uber.

What is All Risk Insurance?
Full Coverage or All Risks Insurance implies that it covers everything, but it does not explain it.
Full coverage is a term that refers to three contents:

• Liability Coverage,
• Collision, and
• Comprehensive.

• Liability Coverage: This coverage covers third parties if they suffer injuries, damage to the vehicle, or include other types of property such as poles, buildings, or damage caused to public roads and other structures against which you crash and are guilt.

• Collision: Covers the damages caused to your car when it collides with another vehicle, against another structure, or if it overturns. In general, this policy has a deductible that you choose; it can be between $ 250 and $ 1,000; the higher the deductible, the cheaper your insurance cost, but remember that this deductible will be what you will have to pay in case of making a claim. If you are responsible for the accident, this coverage will pay for the cost of repairing your vehicle. If the accident is not your fault, the other person’s insurance will cover the expenses.

• Comprehensive: Covers you in the event of an accident other than crashes. In theft, fire, earthquake, explosion, flood, hurricanes, vandalism, street disturbances, and even impact on the road against animals such as birds, deer, or cattle. It may also cover a portion of the cost of replacing your windshield if it breaks or cracks.

Other coverages can be added to this policy so that it is genuinely fully protected.
The State of California does not require you to have an all-risk policy, it only requires basic liability coverage, but if you are paying for your car in installments, the dealer will need it.

Main Exclusions:
Auto insurance has the following exclusions; that is, it does not apply when the next happens:

• If the driver does so while intoxicated or under the influence of drugs
• If you participate in car races
• Vehicles for instruction, trucks or buses