What kinds of insurance will cover my damage after an auto accident?

If you own a car in Laurel, MD, then you know how important it is to have good insurance coverage.  At Mid Atlantic Insurance Financial, we pride ourselves on offering a lot of options in auto insurance to our customers.  Determining the best option for you and your budget, however, can be tricky.  

One of the most common concerns that our customers have is exactly what types of damage are covered by their insurance policy.  In Maryland, a basic insurance policy that only meets the state-required coverage will only provide funds to repair the vehicles of the victims of an accident that you are found to be at-fault in.  Essentially, this means that if you cause an accident, the other person’s car will be repaired by your insurance, but yours will not.  For this reason, these policies are generally not recommended unless the driver can afford to repair or replace his or her vehicle on their own.

Collision or comprehensive insurance policies will cover the damage to your personal vehicle in the event of an accident, however.  These policies will provide funds to both you and the victims of an accident to have your vehicles repaired or replaced.  Only comprehensive insurance, however, will provide funds to repair or replace your vehicle if it is vandalized, stolen, or damaged in a natural disaster.  Collision insurance only covers accident damage.

If you want to save money on your auto insurance, give the agents at Mid Atlantic Insurance Financial a call.  They have years of experience helping Laurel, MD customers find the policy that’s right for them.