Hidden Gems In Auto Insurance: Little-Known Policy Features

​When it comes to auto insurance, most drivers are familiar with the basics: liability coverage, collision coverage, and comprehensive coverage. However, many policyholders may not be aware of the lesser-known features and benefits that their auto insurance policy offers. These "hidden gems" can provide valuable protection and peace of mind in unexpected situations. In this blog, we'll explore some of the little-known policy features that can be found in auto insurance policies, helping drivers make the most of their coverage and maximize their benefits.

1. Roadside Assistance:
   Some auto insurance policies include roadside assistance coverage as an optional add-on or as part of a comprehensive package. Roadside assistance can be a lifesaver in emergencies such as flat tires, dead batteries, or lockouts. Services typically include towing, jump-starts, tire changes, and fuel delivery, providing drivers with peace of mind and assistance when they need it most.
   
   
2. Rental Reimbursement:
   In the event of an accident or covered loss that renders your vehicle undrivable, rental reimbursement coverage can help cover the cost of a rental car while your vehicle is being repaired. This coverage can save you from having to pay out of pocket for alternative transportation, allowing you to stay on the road and carry on with your daily activities without interruption.
   
   
3. Gap Insurance:
   Gap insurance is designed to protect drivers who lease or finance their vehicles. In the event of a total loss, such as theft or severe damage, gap insurance covers the difference between the actual cash value of the vehicle and the amount still owed on the lease or loan. This can prevent drivers from being left with a significant financial burden if their vehicle is deemed a total loss.
   
   
4. New Car Replacement:
   Some auto insurance policies offer new car replacement coverage for brand-new vehicles. In the event of a total loss within the first year or two of ownership, this coverage provides reimbursement for the cost of replacing the vehicle with a brand-new equivalent model, rather than just the depreciated value of the car.
   
   
5. Accident Forgiveness:
   Accident forgiveness is a feature that rewards safe driving behavior by waiving the surcharge for an at-fault accident after a specified period of time without any accidents. This can help prevent your insurance rates from increasing dramatically after a single mistake, providing drivers with a second chance and financial relief.
   
   
6. Custom Equipment Coverage:
   If you've made aftermarket modifications or additions to your vehicle, such as custom rims, sound systems, or performance enhancements, custom equipment coverage can protect these upgrades in the event of theft or damage. This ensures that you're reimbursed for the full value of your custom equipment, rather than just the factory-installed components.
   
   
7. Personal Property Coverage:
   While auto insurance primarily covers damage to vehicles, some policies also provide coverage for personal property that is stolen or damaged while inside the vehicle. This can include items such as laptops, smartphones, clothing, or sporting equipment, offering additional protection for your belongings while on the road.

In conclusion, auto insurance policies offer a range of hidden gems and lesser-known features that can provide valuable protection and peace of mind for drivers. From roadside assistance and rental reimbursement to gap insurance and accident forgiveness, these features offer added benefits and financial security in unexpected situations. By understanding the full scope of their auto insurance coverage and exploring the available options, drivers can ensure that they're adequately protected on the road and prepared for whatever comes their way.

At Lee Agency Corp, we are dedicated to providing our clients with comprehensive and affordable insurance policies. Our commitment extends to going the extra mile to address your specific needs. To learn more about how we can assist you, please contact our agency at (727) 807-7772 or  CLICK HERE to request a free quote.

Disclaimer: The information presented in this blog is intended for informational purposes only and should not be considered as professional advice. It is crucial to consult with a qualified insurance agent or professional for personalized advice tailored to your specific circumstances. They can provide expert guidance and help you make informed decisions regarding your insurance needs.