Tune Up your Auto Insurance Policy for 2011 (Part Two)

Welcome to the second part of our feature article. We take a closer look at periodically reviewing your auto insurance policy as a means of improving your coverage and saving yourself some much-needed money on premium costs.

Roadmap Coverage

The most important aspect of any auto insurance policy is the type of coverage it actually provides. One of the most significant considerations is way your policy relates to state laws. Driving without sufficient coverage can lead to major problems in the event of a road traffic accident and fine tuning your current deal will help to avoid any complications.

Liability Coverage – Liability coverage protects the physical and material interests of third party drivers if you are ever found to be at fault for a road traffic accident. Although most states have a minimum mandatory requirement, it can be worth increasing your liability coverage as a means of protecting yourself and your own material assets.

Medical Payments – Medical payments, or personal injury protection, will cover the cost of medical treatment for anybody involved in a road traffic accident irrespective of which driver is found to be at fault. This can be a mandatory requirement in some states.

Uninsured/Underinsured Coverage – One of the biggest dangers we face on the roads today is other motorists, especially those who have either failed to purchase an auto insurance policy, or have simply underinsured themselves as a means of saving money. Uninsured/underinsured coverage provides protection against road users who have failed to purchase the correct levels of auto insurance. Again, this is only a mandatory requirement in a small number of states.