Unbeknownst to many, per statute, NH RSA 264:15, you must also purchase Uninsured Motorists Coverage if you buy auto insurance in New Hampshire. This coverage should be at limits equal to your auto liability coverage. UMC provides coverage should injuries result from an accident involving an uninsured driver or a hit and run. Further, this coverage also protects against damages caused by insured drivers whose coverage is less than yours.
At Morin Insurance Agency, this is just one of the many facts we’ve found most insured drivers are unaware of. Here, we delve deeper into the various coverage options available and why you may consider them.
Common Types of Coverage Available
Auto Liability – Auto liability provides coverage for liability incurred due to an auto accident caused by you. It also covers expenses for a lawyer to defend you should that become necessary. There are two kinds of liability coverage: bodily injury and personal damage.
Bodily Injury Liability – This coverage pays for claims made as the result of injury to others resulting from an accident that you are at fault. The coverage compensates others for pain, suffering, and economic damages, such as lost wages.
Property Damage Liability – Property damage liability pays for incurred damages to others’ auto or property due to an at-fault auto accident.
Uninsured or Under-insured Motorist Bodily Injury – This coverage pays for injury to you if you are involved in an accident involving an automobile driven by an uninsured or under-insured individual who is found to be liable.
Medical Payments – is coverage for medical costs incurred as a result of injuries sustained in an accident without regard to fault. This coverage pays for covered expenses up to one year following the injuries sustained. It is important to note that times may vary between insurance companies.
Collision* – This coverage pays damages to your vehicle if it collides with another auto or object. This coverage is generally required when there is a lien on the vehicle.
Comprehensive* – Comprehensive coverage pays for damage to or the loss of your auto from causes other than collision (for example, hail, vandalism, fire, theft, etc.). Similar to collison, this coverage is often required by lenders.
Towing and Labor – Should your auto become disabled and require roadside assistance, this coverage will reimburse your towing expenses.
Rental Reimbursement / Transportation – This coverage, if provided, pays a specified amount for help in covering the necessary rental of a substitute auto while yours is being repaired.
*Collision and Comprehensive coverage policies are not a requirement unless obligated by a lender. However, if you choose not to purchase these coverages, you are financially responsible. Any needed repairs due to a collision will now weight upon you for remedy.
Morin Insurance Agency is a family-owned and operated independent agency located in Alton, NH. Contact our team today to receive your free New Hampshire auto insurance quote at (603) 875-1200.
