Arizona Insurance Laws

Today, more than ever, insurance companies are aggressively seeking your business when it comes to automobile, motorcycle and ATV insurance in Arizona.  I would like to explain to you the different types of coverage available to you and encourage you that before you make a decision whether you’re dealing with an agent, an 800 number or online that you understand what benefits are available to you. First, let’s talk about liability limits.  Liability covers you in the event that you are involved in a crash and it’s your fault.  As a result this will protect you against injuries caused to anyone else that’s injured in the collision.  Minimum liability requirement in Arizona is $15,000 or $30,000 per occurrence; which means if anyone is involved in a collision and there’s multiple people injured in the collision, the maximum that your insurance company is required to pay out would be $30,000 or $15,000 per person.  It’s very important  that in determining the amount of liability coverage that you purchase you have to look at your personal assets and what you want to protect. There’s also medical payments coverage which is a good coverage to have even if you have health insurance because the medical payments will provide payment to you in the event that you’re injured in a collision and despite the other party being responsible this will give you additional benefits.  It’s a very inexpensive coverage to have and I recommend it. Uninsured motorist coverage provides coverage in the event that the driver who causes injuries to you does not have insurance – ergo uninsured motorist coverage.  Under insured motorist coverage will provide coverage for you in the event that a driver that causes injuries to you is under insured or has insurance limits – liability limits – that are less than your damages.  It’s important to note that with both uninsured and under insured insurance you cannot be surcharged or your premiums cannot be raised for making such a claim because that’s a non-chargeable accident meaning that you’re not at fault.

Looking at Rental Coverage

Another coverage that we don’t recommend is family expense coverage which provides coverage for you in the event that there’s robbery or ID theft.  What you need to look closely at the specifics of the coverage before you decide.  Do not just shop insurance coverage based on price you have to look at what is being provided.  Make sure that you fully understand coverages available and what you agreed to before you sign off; particularly when dealing with purchasing of insurance coverage over the phone or through the internet.]]>