Barrick & Associates, Inc.


Text 717-259-2262

1401 Baltimore Street

Hanover, PA 17331

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  To save money a driver might think about lowering their auto insurance coverage. They might purchase the bare minimum required by law, forgetting that also means minimum protection. Although an insured might be saving money up front, it could lead to financial disaster if a major accident should occur.

Breakdown of Insurance Coverage

It is important for a driver to know what is covered in your auto policy. This means understanding the basic insurance terms and options. Here are some basic terms that are important to understand:
  • Liability: protects your home and other assets if you are found legally responsible for a covered auto accident.
  • Uninsured & Underinsured Motorist: Covers you or a passenger in your vehicle for bodily harm from another at fault driver who has no insurance coverage or not enough. This commonly includes hit and run incidents.
  • First Party Benefits: Covers your medical expenses, work loss, and funeral expenses due to an accident regardless of who is at fault.
  • Comprehensive: Covers your vehicle in cases of theft, fire, vandalism, glass breakage, or contact with animals.
  • Collision: Covers physical damage to your vehicle from a collision with another automobile or if you overturn your vehicle.

Why Buy More Coverage?

By purchasing enough coverage up front, you can protect yourself from the possibility of financial disaster. An insurance company will only pay up to the amount on your policy limits. Anything insurance does not pay you would be responsible for. So if you have state minimum limits and cause an accident you could be in financial trouble. For example, if you purchase property damage limits of $5,000 and cause damage worth $25,000, you would have to pay $20,000 out of pocket. This would then be putting your assets at major risk!

Recommended Coverage

According to The Insurance Information Institute the recommended coverage is at least $100,000 per person, up to $300,000 per accident. Depending on personal circumstances and preferences this may not be sufficient. Thus it is important to understand what is covered in your automobile policy. To guarantee better protection, it is a good idea to talk with an experienced insurance agent. With their professional assistance you can purchase an affordable policy tailored to your needs. Call Barrick Insurance for satisfying answers to your questions (717) 632-7270.