What type of coverage is included in auto insurance policies?

Auto insurance policies in New Mexico typically include four types of coverage: liability, personal injury protection, comprehensive, and collision. Liability coverage helps cover expenses related to any damage or injury your vehicle causes to another person or property. This type of insurance helps pay medical bills, repair costs, and even legal fees if you caused an accident. Personal Injury Protection (PIP) coverage helps pay for medical bills and lost wages if you or someone else was injured in a car accident. It also helps cover the cost of a funeral or burial if someone dies in an accident. Comprehensive insurance helps pay for damages to your vehicle caused by vandalism, theft, fire, falling objects, and certain natural disasters. This type of coverage does not cover damage caused by an accident with another vehicle. Finally, collision coverage helps pay for damage to your vehicle resulting from an accident with another vehicle or object, regardless of who is at fault. This type of coverage helps pay for repairs or replacement of your vehicle in the event of an accident. These four types of coverage are available in auto insurance policies in New Mexico. Depending on your needs, you may opt for one or more types of coverage. It is always best to speak to your insurance provider to learn more about what is included in your policy.

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What type of coverage is included in auto insurance policies?

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