Auto Insurance provides valuable protection from losses resulting from owning and/or operating a vehicle. The insurance is vital since it covers losses to the insured's property and losses for which the insured is liable as a result of owning or operating the vehicle.
Why do I need auto insurance?
Auto insurance not only helps protect you from costs resulting from a car accident, it can even help protect you from the financial uncertainty of accident-related lawsuits and if your vehicle is stolen. Also, in most states, it is illegal to drive without active insurance coverage.
What does auto insurance cover?
An auto insurance policy can provide protection in several different types of coverage categories. Liability for property damage is coverage against damage you commit to someone else's property with your vehicle. Damages can include the other vehicle, utility poles, fences, buildings, homes, businesses or almost any type of structure your vehicle comes into contact with.
Liability coverage for bodily injury pays for damages that you cause to another person. Because bodily injury can be quite expensive, it is important to make sure that you have a sufficient amount of coverage in this category.
Collision coverage protects your vehicle from damages resulting from an accident. Collision coverage will pay for repairing your vehicle or if your vehicle was totaled in the accident. This coverage normally reimburses you for the value of the vehicle.
Comprehensive coverage will protect you against losses from theft or other types of damages that are not related to a collision, such as hurricanes, flooding, etc.
Medical/PIP coverage pays for treatment when you are injured in a motor vehicle accident when you are driving a vehicle.
Uninsured coverage will protect you from damages incurred when a driver without insurance or a hit and run driver causes an accident.
These types of coverage require separate fees and each type of coverage can have different deductibles.
Why should you choose Masters Coverage Corporation for your auto insurance policy?
Masters Coverage Corporation, a wholly owned subsidiary of Valley National Bank, can provide you with a low cost, comprehensive auto policy designed specifically for you. Masters has access to over fifty insurance markets which enables them to develop broad based coverage, innovative underwriting, and competitive pricing for their clients. Every individual and corporate insurance need can be serviced at Masters where the difference is in the personal service.
As a subsidiary of Valley National Bank, Masters is backed by one of the most reputable and reliable commercial banks in the nation. With Masters Coverage, you could possibly realize savings on:
- Auto Insurance
- Homeowners Insurance
- Condo Owners Insurance
- Co-op Owners Insurance
- Renters Insurance
- Life Insurance
- Health Insurance for businesses
- Medical Malpractice
Our insurance specialists can help you get a low cost insurance policy tailored to your specific needs. Let Masters put a few dollars back in your pocket today!
You can request a free, no obligation quote today by calling Masters toll-free at 800-777-6100 or you can fill out the online referral form and one of our insurance specialists will contact you.