Automobile insurance coverage can help protect you, your vehicle and those riding in your vehicle in the event of an accident. The best auto insurance is not always the most expensive!
Coverage options can vary based on the age of your vehicle, your age and other factors. All drivers are required by law to have valid auto insurance coverage, and knowing some of these basic terms can help put you in the driver’s seat when searching for the best coverage:
Liability: Liability coverage is for bodily injury or property damage to others for which you are responsible. If you hit a car while parking and your policy pays for damage to the car you hit, this is an example of liability coverage.
Collision: Collision coverage pays for damage to your vehicle resulting from a collision with another vehicle or object. If you hit a car while parking and your policy pays for damage to your own vehicle, this is an example of collision coverage.
Comprehensive: Comprehensive coverage pays for repairs to your vehicle caused by things other than a collision with another vehicle. This could be hitting a deer, a tree falling on your car or damage from a break-in.
Deductible: A deductible is the amount you agree to pay in advance before the insurance company covers a loss. Deductible amounts can vary, and only apply to comprehensive or collision coverage.
Check with a Gate City Insurance Agency advisor today to learn more about these options and determine other coverage options to consider for your future.
Insurance products offered through Gate City Insurance Agency are not deposits of Gate City Bank and are not protected by any type of deposit insurance, are not FDIC Insured, are not obligations or guaranteed by Gate City Bank, and may be subject to risk.
|Not a Deposit||Not Insured by the FDIC or Any Federal Government Agency||Not Guaranteed by Gate City Bank||May Lose Value|