The difference between collision and comprehensive insurance

Regarding car insurance, there are two main types of coverage: collision and comprehensive. Collision insurance covers damage to your car when you hit another object, like a tree or another vehicle. Comprehensive insurance covers damage to your car from other sources, like vandalism, theft, or a natural disaster.

Both types of insurance are important for protecting your car, but they offer different levels of protection. Here’s a look at the difference between the two types of coverage and when you might want to choose one over the other.

One significant difference between collision and comprehensive insurance is that collision coverage only covers damage caused by a collision with another object. At the same time, comprehensive insurance also covers damage from other sources. For example, if your car is damaged in a fire or stolen by a thief, you typically file a claim with your comprehensive insurer to cover the repairs or replacement.

Additionally, collision insurance typically costs more than comprehensive coverage, as it provides more extensive protection. However, if you are involved in an accident and your car is declared a total loss, your comprehensive coverage may help cover the cost of replacing your vehicle.

Ultimately, choosing between collision and comprehensive insurance will depend on your needs and driving habits. If you are primarily concerned with protecting your car from damage caused by collisions, then collision coverage is a good option. On the other hand, if you also want to be protected from damages from natural disasters and theft, comprehensive insurance may be a better choice.

Call us at Versatile Insurance Planners today if you have any questions about your coverage. We proudly serve the San Antonio, TX area.

Does Auto Insurance Cover Vehicle Damage Caused By a Flood?

Having the right insurance policies in place can help to cover you in case the unexpected happens. While no one wants a flood to happen, floods can happen for several reasons. If a flood occurs in your town, you may wonder if your auto insurance policy covers vehicle damage caused by a flood. Versatile Insurance Planners, serving the greater San Antonio, TX area, wants to help you understand the answer to this question. 

Does Auto Insurance Cover Vehicle Damage Caused By a Flood?

Your auto insurance policy may cover vehicle damage caused by a flood. A comprehensive insurance policy is key to ensuring flood damage will be covered. If you only have minimum insurance, your automobile is not covered by damage, including flooding. If you carry comprehensive insurance, your vehicle will be covered. 

What Else Should I Know? 

If a flood damages your car, there is a good chance that your car will be totaled. Flooding can cause a lot of damage to your vehicle, including damage to the engine and damage to the interior of your car. Flooding can also cause a car to rust or can lead to mold growth in the vehicle. As such, if your car was involved in a flood, you may want to think about the value of your vehicle, as there is a good chance the car will be totaled. 

The best way to ensure that your vehicle is fully protected from unexpected events, including flooding, is to have the right insurance policies in place. Here at Versatile Insurance Planners, serving the greater San Antonio, TX area, we can work with you to ensure you have the right policies in place. Call us today to discuss your auto insurance needs. 

An Unexpected Accident Can Disrupt Your Life and Finances – Don’t Let it Happen

Do you live in San Antonio, TX? Versatile Insurance Planners can explain why automobile insurance is a must. New Hampshire and Virginia are the only two states in the country where it is not required. While it can play havoc with your life and finances, there are other reasons why it is so important.

  • By Texas law, drivers are required to show proof they can pay for accidents they cause. If you get stopped by a policeman or highway patrolman, you could get jail time or at least a hefty fine. Law enforcement is not very forgiving of an uninsured driver.
  • Liability insurance will pay for repairs or replacement of the other driver’s vehicle or damaged property and their medical expenses if you are at fault.
  • You will be compensated if you are injured, or another driver damages your car.
  • Your car will be repaired regardless of who is at fault.
    • Comprehensive insurance covers damage resulting from theft, floods, vandalism, falling trees, animal encounters, and more.
    • Collision insurance will cover the cost of replacing or repairing your vehicle if you cause an accident or if the other driver has no insurance.
  • If an accident is your fault, liability insurance will protect your assets. With no insurance, it is possible to lose your home.
  • For any passengers in your vehicle that may be injured, insurance will cover their medical bills if you are found to be at fault.
  • Finally, automobile insurance can provide peace of mind as it protects you and your financial future.

It is important to note that in an insured driver accident, everyone suffers – not just the uninsured driver. The only winners in an uninsured motorist claim are the attorneys.

If you want the assurance you will come out of a potential encounter with another vehicle intact, the insurance professionals at Versatile Insurance Planners in San Antonio can explain how. Contact them today.

Texas auto insurance: what you need to know

San Antonio, TX drivers can rely on Versatile Insurance Planners for their insurance needs. If you’re getting ready to buy a car or want to take a look at the available options, we can help. Reach out to our team today and set up an appointment to find out more.

Auto insurance information for Texas drivers

Finding the right insurance for your unique needs can be a challenge. But, once you get a better feel for what your needs are and how insurance can help meet them, the process becomes a lot less stressful. The main considerations that you will need to make are:

  • Amount of coverage – the value of your car determines this, how much medical expense coverage you want to have, and how much liability protection you want to carry.
  • Deductible – typically, the higher your deductible, the lower your premiums, and vice versa. Budgetary concerns can often drive these decisions.
  • Features and add-ons – if you want to include features like roadside assistance or car rental reimbursement, you will want to know how that will affect your premiums. 

Once you have narrowed down your needs, it becomes easier to review the policy options that are right for you. If you are feeling overwhelmed, it can help to talk to a local agent who can help guide you through the process. It’s worth the time to find the right policy!

Find out more today!

Versatile Insurance Planners is here to help the greater San Antonio, TX area with all of its insurance needs. If you have questions about auto insurance, we are here to answer them! Give us a call today and find out more!

What are the Minimum Automobile Insurance Requirements in Texas?

In Texas, drivers must carry auto insurance with property damage and bodily injury protection. Drivers who cause an accident must bear financial responsibility for any damages in the event of a car accident. In most cases, insurance providers pay for the cost of damages caused by the holder of the policy.

To learn more about the minimum coverage requirements in San Antonio, TX, contact our team at Versatile Insurance Planners today.

Texas Minimum Liability Insurance Requirements

The minimum amount of insurance drivers must carry in Texas is $30,000 for bodily injury, $60,000 for bodily injury for two or more people, and $25,000 for property damage for each accident. "At fault" drivers must have these coverage limits to operate a motor vehicle on Texas roadways.

Additionally, drivers must carry proof of insurance in their vehicles. Law enforcement will verify that all drivers have adequate insurance during a traffic stop. If drivers don’t carry their proof of insurance, they’re subject to penalties and fines (especially if an automobile accident occurs).

Drivers can also choose the coverage that offers personal injury protection for a liability insurance policy. However, this coverage is not a requirement. Since liability policies only cover damage and medical expenses of those other than at-fault drivers, a personal injury protection policy would cover some of the at-fault driver’s expenses. Additionally, drivers can add collision coverage to help pay for vehicle damages.

Contact us today at Versatile Insurance Planners in San Antonio, TX, so we can help you learn more about your minimum liability insurance coverage options and the legal requirements for "at fault" drivers.

4 things you should always ask your auto insurance agent

Most people let the premium rates influence their decision when choosing an auto insurance policy. This is, however, not advisable as it could lead to you being underinsured thus prone to dangers and accidents on the road just to cut costs. At Versatile Insurance Planners serving San Antonio, TX, insurance agents guide you on balancing adequate coverage and an affordable policy for your car.

Things to ask your auto insurance agent

The following are some of the questions you should ask your auto insurance representative.

Is it the ideal coverage?

Depending on the state, your agent will guide you on the suitable coverages for your car. You’ll need minimum liability coverage for any accident-related issues and to cover the legal fee. If need be, your agent should recommend ideal additional coverage plans depending on your personal needs.

What is covered In case of an accident?

You need the right coverage to get all the benefits of auto insurance after an accident. Ask your insurance representative which policy covers what. Ask about optional coverages like rental reimbursement and roadside assistance and if they are necessary for you. 

Am I eligible for discounts?

Ask your auto insurance agent whether you qualify for a multi-policy discount and whether you have options to minimize the premiums. Find out about your premiums and deductibles so that if you ever file for a claim, the out-of-pocket costs will be within your budget.

Do I need an umbrella policy?

Depending on your assets and personal preferences, you may require protection above and beyond your regular policy coverage. Ask your insurance agent for comprehensive coverage, uninsured and underinsured motorist protection, and collision coverage. There is an option for excess liability coverage for people with valuable personal assets.

An insurance agent is an indispensable resource, so ensure you have the best one to help answer some of your questions regarding the policy. Consult Versatile Insurance Planners serving San Antonio, TX for all your auto insurance needs.

Auto Insurance Coverage Options in Texas

The Versatile Insurance Planners in the San Antonio, TX area want people to know all about the auto insurance options that are available in Texas as well as the auto insurance requirements set forth by the state.

In Texas, each driver must have at least an auto liability insurance policy in place that will cover a minimum amount of bodily injury and property damage claims if you are involved in an accident that is determined to be your fault.

It is also a great idea to have underinsured and uninsured coverage in place in the event you are involved in a crash that is deemed to be the fault of the other driver and that person either has no insurance at all or very little and cannot cover the damages to your vehicle or the medical bills for you and your passengers for injuries sustained in the crash.

Other Auto Insurance Coverage Options

There are several other types of auto insurance you can choose from, including comprehensive insurance. This type of insurance will pay for any damage to your auto if it is damaged or destroyed a fire, vandalism, or a natural disaster. It will also replace your vehicle if it is stolen. If you have an active loan for your vehicle, your lender or bank may require you to have this type of coverage in place to protect the investment that has been made in your vehicle when they loaned you the money to purchase it.

Collision insurance is another type of coverage you can obtain. This type of coverage will help pay for damages that occur if you are involved in a collision with another vehicle or an object. For example, if you back your vehicle into someone’s garage door and damage it, this type of coverage will help pay for any damage to the garage door as well as the damage to your vehicle.

Call For a Quote Today!

To create the best auto insurance coverage for you and your situation, you should enlist the help of an experienced auto insurance agent to secure your auto insurance policy. The agents at the Versatile Insurance Planners in San Antonio, TX are ready to assist you with all of your auto insurance needs. Call for a quote and appointment today to get your policy started.

4 Auto Insurance Add-ons To Consider

When you buy auto insurance from Versatile Insurance Planners of San Antonio, TX, you hope that it covers every aspect of risks facing your car. Unfortunately, car insurance is broad. As such, it has numerous coverages to consider depending on your situation and budget. For this reason, if you want to boost your auto insurance coverage, here are four add-ons to put your money on. 

Zero depreciation add-on

If your car were involved in an accident today, you would receive compensation less the depreciation factor. This means you have to fork out the depreciation amount from your pocket. However, you can buy zero depreciation coverage to cushion you from depreciation. 

Roadside assistance coverage

Assume your car has broken down far away from home. What would you do? Call friends and relatives? You might do that, but they may not be in a position to help. For these situations, you need roadside assistance coverage to bail you out when your car stalls miles away from home. This coverage provides services like towing, gas delivery, jumpstarting, and other minor repairs.

Engine protect add-on

If you live in an area prone to flooding or waterlogging, this endorsement is suitable for you. While collision or comprehensive coverages may cover your engine against perils like accidents and falling objects, these coverages may not help for calamities like flooding, which fall under consequential loss. And that’s when you need an engine to protect the rider to save the day.

Consumables add-on

Your car uses several consumables, including oils, bolts, pipes, filters, and so on. Unfortunately, these consumables are not covered by the standard auto insurance policy during repairs. Luckily, if you have consumables coverage, your insurance pays for the consumable costs.

Car insurance in San Antonio, TX

Standard car insurance is good, but it’s not enough. That you said, you need to strengthen your car insurance policy with add-ons depending on your situation. If you are in San Antonio, TX and its environs, contact Versatile Insurance Planners for an affordable quote.

Tips When Purchasing Texas Auto Insurance

Purchasing auto insurance can seem overwhelming at first glance. From determining the right amount of coverage to establishing the appropriate auto coverage options to carry, car insurance can be a daunting task even to the best planners. However, here at Versatile Insurance Planners located in San Antonio, it’s our passion to advise car owners on what to look out for when shopping for car insurance to make an informed decision. That said, below are tips to consider when shopping for car insurance in Texas.

Shop for car insurance before going to the dealership

It’s a smart choice to purchase car insurance before heading to the dealership. Otherwise, you may not be able to drive your car away from the lot because auto insurance is mandatory in Texas. But for you to purchase car insurance, you need to arm yourself with the below ahead of time:

  • Have a make and model in mind
  • Understand the auto coverages you need
  • Compare quotes from several insurance companies

While you can still get auto insurance from the dealership, this isn’t the ideal choice if you are looking for affordable car insurance. For instance, if your car is being financed, the lender may only offer car insurance options from one or two companies, limiting your chance to explore various discounts provided out there.

Understand factors affecting your auto insurance premium

This is very crucial when looking to lower your auto insurance premium. While factors out of your control, like your age, gender, occupation, and model of your car, determine the car insurance premium, factors like credit rating and driving record are within your control. As such, you can work towards being a responsible driver to lower your car insurance premium. 

Understand legal requirements

Just like most states, Texas requires drivers to carry minimum liability coverage. While it’s essential to observe the state’s minimum, your agent should advise on the right amount of coverage you should have for optimal coverage. Again, liability coverage only covers third parties and not you or your car. That said, ask your agent for different auto coverage options to obtain all-around protection.

Where to buy auto insurance in San Antonio, TX

If you are looking for auto insurance, please contact Versatile Insurance Planners. Here, we will introduce you to various auto coverage options and help you chose those that meet your unique needs.

What auto insurance coverage should I have

Auto insurance is a type of insurance that can be tailored to fit the need of the customer. It consists of several different basic parts and additional add ons that make it fit your particular needs. Some insurance is required by the state of Texas to comply and having a trusted insurance agent who makes sure you have the required coverage is important. In San Antonio, TX, Versatile Insurance Planners is your local independent agency. 

You definitely must have the means to pay for any damage to people or property that results from an accident where you are at fault. Most people chose to carry insurance to take care of those requirements. You need to have 30/60/25. The medical coverage for injuries is $30,000 per person and $60,000 per accident and $25,000 for property damage. This is pretty basic and if you have assets you should consider a higher liability limit. 

If you have an old or low-value vehicle, this may be all the coverage you should have. If however, you count on your vehicle to get around or have a loan or lease, you may need to have collision and comprehensive auto insurance. These two types of insurance protect your vehicle. If you have an accident where you are at fault you need to repair your own vehicle. Without collision insurance, you will have to pay for the repair yourself. 

Comprehensive insurance protects you from bad things that happen to your car that are beyond your control like a hail storm, a limb from a tree falling on your car, and other perils listed in your policy. You can choose to add on things like gap converge and roadside service. 

If you live in or near San Antonio, TX Versatile Insurance Planners can help you to make sure you have the auto insurance you need. Give our team a call and make an appointment for a sitdown with us to get a no-obligation quote.