Station wagons are a great choice for families who need to cart around a lot of gear. They offer plenty of storage and seating, while still being fuel-efficient. However, if you have never purchased auto insurance before, it can be difficult to know what type of coverage is best for your needs. In this blog post we will discuss the benefits of purchasing insurance for Station wagon cars!
1. Car Insurance is Required
In some states, it is a law that everyone purchases auto insurance. In those cases, you won’t have a choice as to whether or not you purchase this type of coverage. If you don’t make car payments on your vehicle, the bank may require you to carry full coverage in order for it to pay off vehicle loans. And if you’re leasing a vehicle, the lease agreement typically requires that you carry a full coverage policy in order to turn in your leased car with no liabilities.
2. Coverage for Your Car Loan
If you have financed your station wagon purchase or lease, then the finance company will require that you carry comprehensive and collision insurance on the vehicle until it is paid for in full. In other words, your insurance will pay off the balance of your loan if the vehicle was totaled in an accident or stolen and not recovered.
3. Pays for Repairs to Your Car
If you have a comprehensive and collision policy, then it will cover accidental damage to your car caused by vandalism, falling objects, hitting an animal while driving, or weather-related damages. The comprehensive portion of the coverage covers damage that isn’t your fault.
4. Pays for Medical Expenses
If you are in an accident and hurt, medical insurance will pay for your medical expenses related to the accident. If you injure someone else in this same incident, medical insurance will pay for their medical expenses as well. This is why it’s important to purchase the required coverage so that you and everyone else involved in your accident can recover without having to pay any money out of pocket.
5. Personal Injury Protection (PIP)
Personal injury protection is a type of insurance that covers hospital bills, home health care, funeral services, and other medical expenses related to the accident. It will also cover lost wages for you or your family if they can no longer work due to an injury. If this type of insurance is available in your state (check with your agent), it is highly recommended.
6. Personal Property Coverage
Personal property coverage covers the loss or damage of personal items such as jewelry, clothes, furniture, and other consumer belongings. If you have a fire or theft at your residence, this type of insurance will help pay for the loss.
7. Coverage for Death Benefits to Your Family Members
If you die because of an accident that was not your fault, then life insurance can provide financial resources to your family members. This can help ease the financial burden during a difficult time.
8. Covers Your Legal Costs
If you are charged with DUI or another type of illegal behavior that results in bodily injury or property damage, then your attorney fees will be covered under the legal expense portion of your policy. If found guilty, this insurance can help pay for those court fees as well. Without this type of coverage, you would have to seek financial help elsewhere.
9. Lowers Your Auto Insurance Premiums
If you purchase insurance on all of your assets and take a defensive driving course, then you will probably receive a discount from your car insurance company. This means that if you need to make a claim, it will not cost as much because you have made safety a priority.
10. Provides Additional Coverage for a Second Vehicle
If you drive a second vehicle that is not insured under your own policy, then this coverage can provide the protection you need in the event of an accident involving this other vehicle. Depending on your policy, you may be able to protect your primary vehicle as well.
11. Helps Protect Your Identity
If someone steals your identity and racks up debt in your name, then this type of coverage can help provide an attorney who specializes in debt recovery. This protection will make sure the financial loss is covered until the legal issues are resolved.
How do I obtain auto insurance coverage for a station wagon?
Call your insurance company and tell them you want to add a station wagon to your policy. They can provide the proper amount of protection and help you obtain the necessary documents.
What is the function of uninsured/underinsured motorist property damage?
If someone hits you and has only enough insurance to cover damages to their own vehicle, then this coverage can help pay for repairs if it’s not your fault. Without this type of protection, you would have to pay these costs on your own since the other person’s insurance wouldn’t cover it.
What is an umbrella policy?
This type of insurance provides additional coverage for your auto, home and other assets. Without this type of protection, you could be left in a very vulnerable position financially if someone were to sue you for an accident that wasn’t your fault.
What is life insurance?
This type of insurance provides financial support to family members in the case that you die due to an accident that was not your fault or because of natural causes. It can cover funeral costs and pay off debts that you leave behind when you’re gone.
What is disaster relief?
This coverage provides financial support for natural disasters such as tornadoes, hurricanes, earthquakes and wildfires. It can provide compensation for the loss of property and will help rebuild your home if it becomes damaged.
Why do I need uninsured/underinsured motorist insurance?
If someone hits you but doesn’t have enough insurance to cover all of your damages, then uninsured/underinsured motorist insurance can help pay the difference. Without this type of coverage, you would have to pay the leftover costs on your own since the other person’s insurance wouldn’t cover it.
Why is personal injury protection important?
Personal injury protection is necessary if you ever get hurt in an accident. It will provide coverage for both your medical expenses and lost wages so that you can get the right care without having to worry about how much it costs.
Why is it important that all drivers have comprehensive and collision coverage?
This type of coverage ensures that all costs of damages to your vehicle are covered if you’re in an accident. If you don’t have this type of insurance, then any repairs will come out of your pocket. This can add up quickly and would be a huge burden on your budget.
What Really Matters Is
In conclusion, you should always purchase auto insurance for station wagons because it will be worth the investment. The benefits of this type of vehicle are clear and definite. You can’t go wrong with a station wagon! Comment below to share your thoughts on whether or not you think that purchasing car insurance is something everyone needs to do.