In Clovis, NM, there are a lot of people who are confused about no-fault insurance and how it affects their vehicle. That’s why we at General Insurance Agency want to set the record straight about this insurance and how it affects you. You might be surprised to learn how it can help you.
The Nature Of No-Fault Insurance
No-fault insurance is mandatory in nearly 20 states and is a slightly different type of car insurance. First of all, it covers your medical expenses and loss of income in a car accident. It covers both you and your passengers and will kick in no matter who caused the car accident. As a result, it can be a great type of coverage for people who are worried about medical treatments.
The Confusing Part Of This Coverage
One element of no-fault insurance that may confuse you is its lack of coverage for auto damage. That’s because it is not designed for this type of coverage. Your collision insurance will cover any impact damage to your car. Think of no-fault as a way of covering economic losses, such as loss of income and medical expenses, rather than pure auto insurance.
Limits Do Apply
Another important aspect of this coverage type is that you must fall within what your policy terms as a “serious injury” threshold. This fact means you must suffer from significant disfigurement, bone fracture, limitations of body organs or members, limitations of bodily functions, and other injuries that make it impossible for you to live a healthy life or work regularly.
Getting No-Fault Coverage
So if you live in Clovis, NM and want this type of coverage, contact us at General Insurance Agency. Our agents understand the various laws regarding this type of coverage and can ensure that you get the type that suits your driving needs. We can even find a collision policy that is right for you.