What is auto insurance?
Auto insurance protects you against financial loss if you have an accident. It is a contract between you and the insurance company. You agree to pay the premium and the insurance company agrees to pay your losses as defined in your policy.
Auto insurance provides property, liability and medical coverage:
- Property coverage pays for damage to or theft of your car.
- Liability coverage pays for your legal responsibility to others for bodily injury or property damage.
- Medical coverage pays for the cost of treating injuries, rehabilitation and sometimes lost wages and funeral expenses.
An auto insurance policy is comprised of six different kinds of coverage. Most states require you to buy some, but not all, of these coverages. If you’re financing a car, your lender may also have requirements.
Most auto policies are for six months or a year. Your insurance company should notify you by mail when it’s time to renew the policy and to pay your premium.
Mandatory requirements
Financial responsibility is required on any vehicle operated or parked on California roadways.
You must carry evidence of financial responsibility in your vehicle at all times and must be provided as specified below:
- When requested by law enforcement.
- When renewing vehicle registration.
- When the vehicle is involved in a traffic collision.
Minimum liability insurance requirements for private passenger vehicles (California Insurance Code §11580.1b)
- $15,000 for injury/death to one person.
- $30,000 for injury/death to more than one person.
- $5,000 for damage to property.
Liability insurance compensates a person other than the policy holder for personal injury or property damage. Comprehensive or collision insurance does not meet vehicle financial responsibility requirements. (Source: dmv.ca.gov)
What is homeowners insurance?
Because everyone’s needs are not the same, it is best to consult your agent to help assess your needs and find the insurance policy that is right for you.
Since residential insurance often protects your largest financial investment, plan on taking enough time to conduct a comprehensive search of the insurance marketplace when purchasing insurance. The greater the extent of your search, the greater the opportunity to find residential insurance that meets your specific needs. Whether you are interested in purchasing homeowners (including fire only), renters, condominium unit owners, or mobile home insurance, it is important to shop and compare insurance products just like you would when shopping for any other important consumer purchase. (Source: insurance.ca.gov)
Homeowners insurance provides financial protection against disasters. A standard policy insures the home itself and the things you keep in it.
Homeowners insurance is a package policy. This means that it covers both damage to your property and your liability or legal responsibility for any injuries and property damage you or members of your family cause to other people. This includes damage caused by household pets.
Damage caused by most disasters is covered but there are exceptions. The most significant are damage caused by floods, earthquakes and poor maintenance. You must buy two separate policies for flood and earthquake coverage. Maintenance-related problems are the homeowners’ responsibility.
Key City Insurance
Since 1981, Key City Insurance have been a family-owned and operated agency, specializing in car & home insurance in Victorville, Hesperia, Apple Valley and the surrounding areas in California. Call us today at (866) 466-2109 for a free instant Victorville auto insurance quote.