Understanding Exclusions in Your Personal Auto Car Insurance Policy
When you buy a new car insurance policy, your agent will explain to you what it covers and any specific exclusions. These listed exclusions mean these particular events will not be covered. Here is a list to help in understanding exclusions in your personal auto car insurance policy.
- Bodily and property liability exclusions are probably the most common. These exclude, for example, collision with your own property or if you injured yourself or others on purpose.
- Often delivery services such as taxi or pizza delivery are excluded from your policy. As a rule of thumb, any time you’re using your car for business purposes, it voids your policy.
- Car sharing programs and other cases where you lend your vehicle to other people may be excluded from your policy. This can also apply to certain individuals that might drive your car.
- Physical damage and collision coverage will most likely exclude such items as wear and tear to the vehicle, freezing damage, and any intentional damage. It will also exclude any damage your vehicle incurs if you use it as a race car.
- Your policy will probably exclude personal items in the vehicle, such as the radio or GPS unless you specifically have them added. Any electronic equipment not installed in the vehicle likely will be excluded too.
- Most of the items covered under your insurance policy will be voided if you at any time use your vehicle as a residence.
Understanding exclusions in your personal auto car insurance policy is important. Always read your policy carefully. If you are in doubt or have any questions, you can always contact the friendly experts at Schumacher Insurance Group.