Insurance Perks That Assist After a Car Accident

Carrollton Auto InsuranceIt’s no surprise that after you’re involved in an accident, your wallet and insurance premium will experience a financial loss. However, there are a variety of perks offered by insurance companies that you can opt for that will actually reduce that burden. Gathered is a list of some helpful perks you should ask your agent to add to your auto insurance policy:

  • If you were to be involved in an accident that left you with a totaled car, how much would your auto insurance carrier actually reimburse you? Despite popular belief, the standard auto insurance policy will only provide you with reimbursement in actual cash value. This means that you would only receive the depreciated amount of your vehicle. If you recently purchased a new car, this can be extremely discouraging as new cars depreciate in value the moment you drive them off the lot.  To prevent a major loss of this nature, you should add “gap insurance” to your policy.
  • While some insurance providers offer this service for free, others will charge you for accident forgiveness. This insurance perk allows you to receive forgiveness after your first at-fault car accident.
  • How bothersome is it when a stone flies off the pavement and cracks your window? Saving money on this simple fix can be as easy as opting for no-deductible glass repair coverage. Many insurance companies will waive your deductible if you have the window fixed and repaired rather than replaced.
  • For a small additional fee, you can receive loss-of-use coverage. This means that you will be reimbursed for renting a car during the time where your vehicle becomes inoperable after an accident.

Contact Mike Leonard Insurance Agency in Carrollton for all of your Texas auto insurance needs. We can help provide you with perks that will limit financial burdens after you are involved in a car accident.