Click to Call
Get Directions
Getting into an auto accident is one of the scariest things you can go through. That being said, it is also a big hassle as you have to either get your car repaired or you have to go out and buy a whole new car. So what does your coverage really pay for? For those in the Wayzata, MN area, the agents with Pizano Insurance can help you to find out just what your policy covers.
The general coverage you are paying for with car insurance is the cost of the car that you own. This means that if you have a $25,000 loan out on your car and it is totaled, you are going to be paid out the amount that you have the car insured for. If you have the car insured for $30,000 you would get $30,000 that you could use to pay off your existing loan and then have $5,000 to put down on a new car. though your insurance is not going to pay fully for a new car, it is going to help you settle your current loan so you can get a new car.
In cases where you have full coverage, you are going to be able to collect a sum of money and get your new car. For those that only have liability coverage, you will just get the liability amount which is commonly $10,000 but may vary by state. You can speak with your insurance agent to better understand what your insurance covers and what you can expect your coverage to pay out so that you can create a game plan for buying a new car after an accident.
For those in the Wayzata, MN area, the agents with Pizano Insurance can help you find the right auto policy for you.