Insurance is a way to protect yourself against risks and uncertainty that can result in a large expense.
There are three types of automobile insurance coverage you can purchase. Kansas law requires all persons who own an automobile to have proof of liability insurance before they can buy a tag for the auto or renew the tag.
- Liability: protects you and pays if your auto causes damage to someone else or someone else’s property.
- Comprehensive: Pays for losses to your auto, such as wind or hail damage and losses from theft.
- Collision: Pays for repairs to your car after an accident, or pays you the “book value” of the car if it is declared a total wreck after an accident.
Be sure to periodically review your automobile insurance plan and be sure that you are not over or under insured. Also, be sure that you are receiving any discounts that you qualify for.
Do you know what your deductible is on your auto insurance? Do you know what type of coverage you have on your auto? You can save money by carrying liability only insurance if your car does not have much value. However, you will not be covered for losses to your car, such as damages from an accident, storm or burglary.
By: Brenda Langdon
