If you get into a car accident in Monmouth County, you may already know that you need to report the accident to your car insurance company. The liability portion of your policy will cover damage to any other cars and if you have comprehensive coverage, it will cover your car for any damages. The only out pocket cost you will likely incur is the cost of your deductible. However, according to USA Today, your insurance policy may cover things and circumstances beyond the obvious ones that come to mind.
For instance, if you loan your car to a friend and your friend gets into an accident, your insurance policy will cover any damage or injuries that occur. However, the accident will go on your record and could result in a rate increase, so it is important to keep that in mind. In addition, if the damage exceeds your coverage limits, you may be on the hook for any costs above and beyond what your policy covers.
Some policies may also include coverage for your pet. For example, if your dog is in the car with you at the time a crash occurs and your dog suffers from an injury, your auto policy may help pay for medical treatment.
Most importantly, if you are in an accident that causes you to be injured severely enough that you are unable to work, your car insurance may cover some of your lost wages. Therefore, it may worthwhile to periodically review your auto policy so that you are aware of exact what circumstances it covers and what benefits you can take advantage of.
