While no one necessarily likes paying for the various insurance policies people use to protect their things, they are an obvious necessity in life. Some insurance is optional, but most are required either by state laws, financial institution lenders who hold the title to your property and goods, or both. For example, almost every state requires all automobile owners to carry state minimum mandated liability insurance on each of their vehicles.
If you have a car loan through the bank or the financing department where you purchased the vehicle, they will also make you have collision and comprehensive coverage, sometimes referred to as full coverage. Liability insurance covers bodily injury and property damage. This is basic coverage that covers any injuries or damage caused by you to other people and/or their property. Collision and comprehensive coverage is the part of the insurance that covers the car itself. If you are involved in a car accident, the collision part of the insurance will kick in. If your vehicle is stolen, you hit a deer, it's struck by lightning, or damaged in a storm, the comprehensive coverage is what will provide coverage. The amount of coverage you need is often determined by how much is owed on your loan or how much it would cost to replace the vehicle.
These aren't your only insurance options, however. Most car insurance agencies offer other riders, add-on policies that provide additional protection to the policyholder, at an additional cost. Depending on your financial situation, these additional riders may be beneficial to you.
Rental Car Rider
This rider provides a set period of time that you can use a rental car, should your vehicle be incapacitated. For example, if your vehicle is in an accident and will require repairs, a rental car can be provided. This is a great policy to have if not having a vehicle would make work and life difficult for you. You can also opt for a policy rider that will allow you to use your car insurance when you rent a car. Many people prefer to rent vehicles when they go on extended road trips to save wear and tear on their own vehicles, and having this rider will save you the expense of having to buy additional insurance through the car rental agency.
This is an excellent rider that you should have on every vehicle you own. Should you find yourself stranded on the side of the road, you can call for help with a flat tire, dead battery, or a tow to the nearest service center. And with that rental car rider, you can get right back on the road again.
Replacing your windshield can be expensive. Even a small nick from kicking up a rock can impede vision, and it will eventually spider across the window. A rider for glass will cover the cost of replacing it.
Contact a company like Nelson Insurance Agency for more information and assistance.