What Is Auto Insurance?

Auto insurance protects you against financial loss if you have an accident. An auto insurance policy is comprised of 5 different kinds of coverage. Most states require you to buy some, but not all, of these coverages. If you are financing a car, your lender may also have coverage requirements. The types of auto coverage include:

Liability Coverage

Liability Coverage is composed of bodily injury and property damage coverage types. Bodily injury coverage pays for injuries suffered by others in an accident that you have caused. Property damage coverage pays for damages that you cause to another person’s property in an accident.

Uninsured and Underinsured Motorist Coverage

Uninsured/underinsured motorist coverage offers protection for injuries received as a result of a negligent driver. An uninsured/underinsured driver is someone who/whose:

• Did not have any insurance
• Had insurance that did not meet state-mandated minimum liability requirements
• Had an inadequate amount of insurance
• Insurance company denied their claim
• Insurance company was not financially able to pay it

Should you be involved in an accident where the “at fault” driver lacks adequate liability insurance, your own uninsured/underinsured motorist coverage will cover you.

Comprehensive Coverage

Comprehensive auto insurance covers damages caused by incidents other than a car accident, including theft, fire, vandalism, weather, falling objects, and animal damage. It is not required by law, but it may be a good idea depending on the value of the car you’re driving. Oftentimes, drivers of financed or leased cars are required to get a comprehensive coverage to protect the investment of the car owner or lender.

Collision Coverage

Collision insurance is an optional coverage that pays the cost of repairing or replacing your vehicle when damaged in an “at fault” accident. Collisions can involve another vehicle or an object, like a guardrail or a tree. If you finance or lease your vehicle, your lender may require you to get collision insurance coverage.

Medical Payments

Medical Payments insures against medical bills that you, your family members, your passengers, or any pedestrians incur as a result of an accident involving your car. It also covers any medical bills incurred if you or your family members are injured as pedestrians. Medical payments coverage pays regardless of fault.

Other Insurance Policies We Offer:

Motorcycle Insurance

This insurance allows you to share the risks of riding a motorcycle between yourself and your insurance company. You pay a set premium to an insurance vendor for coverage. In return, the company promises to pay for specific financial losses that might happen during the duration of the policy.

ATV Insurance

ATV insurance is similar to motorcycle insurance. This insurance product has the same basic coverage as a motorcycle insurance policy, but it is tweaked for the requirements of off-road enthusiasts.

Boat and Marine Insurance

This insurance policy is available for small boats, high-performance powerboats, yachts, live-aboard houseboats, pontoons, or catamarans. Marine insurance covers the boat’s intended use and includes commercial, charter, or personal recreation vessels.

A boat policy can cover damage to your boat, trailer, and motor, as well as the personal effects in your boat. Available coverage also includes medical payments, liability, and injury to a water skier.

Snowmobile Insurance

Every snowmobile rider has a different insurance need. At Leugers Insurance in Franklin, IN, we can help you find a good insurance policy with a low cost.

Collector Car Insurance

Insure your prized vehicles with collector car insurance. Classic cars are usually considered as antique vehicles ranging from 15 to 20 years old or older. Collector cars also include:

• Exotic automobiles (new and old)
• Muscle cars
• Sports cars (new and old)
• Rare or desirable vehicles

Personal Watercraft Insurance

Whether you are a novice boater or an experienced captain, it is crucial that you have proper coverage for your personal watercraft. At Leugers Insurance, we have policies that are customized for your jet ski, wave runner, or other vessels.

You may qualify for a multi-boat discount if you own several personal watercraft. In addition, you also purchase additional coverage for trailers and other accessories.

Motor Home/RV Insurance

Legally speaking, you are required to have a certain amount of coverage when you register your motor home. We offer many insurance policies to make sure that your motor home obtains maximum coverage and protection.