You might be asking yourself, “Why do I need to buy insurance for my Sport Utility Vehicle?” Well, there are plenty of reasons why you should invest in the protection that comprehensive coverage provides. This blog post will cover 10 benefits of buying insurance for your sport utility vehicle.
1. Comprehensive Coverage
When you purchase insurance for your car, including a Sport Utility Vehicle, you’re getting coverage that provides protection against damage and liability you might face as the driver. This includes damages to other vehicles and property as well as injuries to others which result from an accident caused by you. Be sure to choose comprehensive coverage if the policy if there is a deductible.
2. Medical Coverage
If you have a medical policy, having it as part of your comprehensive coverage on your vehicle will help protect those who are insured with you from any injuries that may result from an accident by the driver regardless of fault.
3. Collision Coverage
Collision coverage will help protect your Sport Utility Vehicle from damages that result from a collision with another vehicle or object. Keep in mind, this coverage only applies to the other party and not you and any passengers in your car. If there is a deductible required by you for this type of coverage, be sure to take it into consideration.
4. Personal Injury Protection Coverage
Personal injury protection covers medical expenses as a result from an accident caused by the insured driver as well as lost wages and other benefits if you or your family members are unable to work after an accident because of an injury. If you have a medical payment policy, it should be considered for inclusion in this type of coverage.
5. Roadside Assistance
Roadside assistance can help protect your vehicle from damages that may be caused by a malfunction with the automobile itself as well as the other items required to operate it such as gas, oil, and water. If you don’t have any type of roadside assistance coverage on your Sport Utility Vehicle, this is an additional coverage you should consider.
6. Comprehensive Physical Damage Coverage
This is additional comprehensive coverage that can help protect your Sport Utility Vehicle from damages that may be caused by any incident other than collision, such as weather or theft of the vehicle. This protection will start after you’ve met your deductible if it applies to this type of coverage for your policy.
7. Uninsured/Underinsured Motorist Coverage
Uninsured and underinsured motorists coverage is a great way to protect your Sport Utility Vehicle from damages caused by other drivers who don’t have insurance or the capability to compensate you for any property damage or personal injuries resulting from an accident they may be responsible for causing. There are also uninsured motorist property damage and bodily injury protection options that can be included in your policy as well to provide additional coverage.
8. Payment For Towing
If you’ve ever had a vehicle break down, you know how important it is to have the ability to get it towed back home or to a local mechanic. If you don’t have this type of coverage included in your policy, it may be a good time to consider including it as part of your protection for your Sport Utility Vehicle.
9. Recovery Coverage
Recovery coverage can help provide compensation if you or a family member is injured as the result from an accident on foot, such as someone who gets hit by a car while walking. If you or your passengers are injured as the result of an accident that causes damage to your Sport Utility Vehicle, this coverage can also help cover just the vehicle until it is repaired.
10. Medical Expense Coverage
Medical expense coverage can help provide compensation for medical expenses resulting from any type of accident just like personal injury protection does. This would be in addition to any medical benefit that you have from your own policy. Make sure to include both types of coverage if your health insurance plan provides minimal coverage. If it doesn’t, have a supplemental medical expense policy to provide additional benefits for yourself and family members insured under the same policy as a Sport Utility Vehicle.
When does my Sport Utility Vehicle need to be replaced?
If you have comprehensive, collision, and other types of physical damage coverage on your policy; then the insurance company will help replace your Sport Utility Vehicle if it is damaged beyond use or drivability.
How much does an addition type of endorsement cost that covers replacement due to age?
This would vary between insurance companies, but it’s usually very affordable and could provide you with added protection if damage occurs before the end of the term on your policy.
What type of coverage does my Sport Utility Vehicle have if it’s used for commercial purposes?
Any time your vehicle is used to carry people or property for hire; then you must provide either commercial liability insurance or general liability insurance with uninsured/underinsured motorists protection. It is also important that you note any other use of your vehicle when applying for additional coverage.
What type of protection does my Sport Utility Vehicle have if it is damaged due to vandalism?
If your Sport Utility Vehicle becomes compromised by another person’s intentional actions, such as the spray painting of graffiti on your vehicle; then comprehensive coverage would be in affect.
What type of protection does my Sport Utility Vehicle have if it is damaged due to submersion or submersible materials?
If your Sport Utility Vehicle becomes compromised by road salt, rocks, tree limbs, and any other types of material that may cause damage while you’re driving; then comprehensive coverage would come into play.
Does my Sport Utility Vehicle policy cover any type of rental car benefits?
If you have the rental reimbursement endorsement on your policy, then it will provide payment for a rental vehicle if yours is damaged beyond use or driveability. However, there may be times that you are responsible for paying for this additional coverage.
What type of protection does my Sport Utility Vehicle have if it is stolen?
If your Sport Utility Vehicle is stolen, then most policies will include protection under comprehensive coverage. This means that the insurance company will help replace your vehicle if it can’t be found by authorities or recovered by you after a certain amount of time.
How much deductible should I expect with a comprehensive type of coverage on my Sport Utility Vehicle?
Your deductible will be the amount of money you have to pay out-of-pocket before you receive a reimbursement from your insurance company if damages occur. If damages are less than your deductible, you’ll get a check in the mail for just that amount. However, if damages exceed your deductible, then the insurance company will help you with the rest.
In The Main
Comment below with your thoughts on buying insurance for your sport utility vehicle. Have you bought it? Do you need help finding the best option for you and your family’s needs?