Pizano Insurance, serving Wayzata, MN, has been offering insurance to the city for a long period. We feel collision coverage is necessary for every motorist. Here, we will tell you what the coverage is meant for and we ill also let you know why you need it.
Collision coverage provides funds to fix your car if you get into an accident. Whether you run into a stationary object or you run into another motorist, this coverage will fix the car regardless of who is at fault.
If you lease the car or you bought it through financing, you will be required to purchase the insurance coverage, but if you buy your car outright, it is optional. That’s why we want you to see the necessity of the coverage.
It is possible for your car to be totaled in an accident. In that case, this coverage may replace the car for you. This is one of the most important auto insurance coverage. You seem to be confused about something. What’s it? Oh, you are wondering why you need it when you have already purchased comprehensive insurance why should you purchase collision insurance.
Here in Minnesota, the comprehensive insurance coverage will only provide funds for your car if the damage is not collision-related. For instance, if your car is vandalized, damaged by fire or natural disaster, the comprehensive insurance coverage will fix the car for you. Also, if your car is stolen, since it is not related to a collision, comprehensive insurance coverage may provide a replacement.
But once the damage is caused by collision while in motion, the collision insurance policy will fix the car for you. Now, you should also decide the amount of deductible you can afford and the annual premium you want to pay. Just bear in mind that the higher the deductible, the lower the premium and vice-versa.
For more information about collision insurance or any other auto insurance product, kindly reach out to us at Pizano Insurance in Wayzata, MN.