subject: Auto Insurance Wisconsin - All you need to know [print this page] Auto Insurance Wisconsin - All you need to know
No matter how careful a driver you are, accidents do happen. And it's always a great idea to have auto insurance to relieve oneself of the troubles after a tragic experience.
The law has now made it mandatory upon every driver in Wisconsin to have auto insurance. So it's better to be safe than sorry and acquire one before you get into trouble.
Every state has its own unique laws formulated for auto insurance and it's best to be aware of them. Generally auto insurance is a contract agreement between an individual or a group and the insurance company, where the individual pays a certain premium in return to the promise of the insurance company to reimburse certain liability coverage.
Since the auto insurance Wisconsin has become compulsory, the following are the minimum requirements of the auto insurance policy everyone should know about:
- A minimum liability coverage of $50,000 for an injury or death of a person.
- Minimum liability coverage of $100,000 for the injury or death of two or more persons.
- A minimum of $15,000 for property damage
- For uninsured and underinsured motorist a minimum coverage of $100,000
On the other hand, anyone can get hold of as much coverage as he/she wants. To understand the working of auto insurance Wisconsin, let's take a deeper look at the various forms of coverage.
Bodily Injury Liability
This auto insurance Wisconsin will cover the claims for medical expenses, wages lost and any other damages when you meet an accident, and cause injury to any person. Of course it will cover only the stated amount in the insurance policy that you have purchased.
Property Damage Liability
If you have been in an accident, where you have caused some property damage like a broken fence, damaged walls or broken windows etc., property damage liability will bear the expenses, to the amount your auto insurance Wisconsin contract has promised you. It will also cover the damage caused by someone driving your car with your consent. Damage caused to government property is also covered by property damage liability.
Uninsured Motorist Coverage
This will cover for your own physical injuries or anyone else's, who is in your vehicle when you are hit by an uninsured driver or by a hit-and-run driver. This will also cover yours or any of your family member's bodily damages while you have been hit as a pedestrian.
Physical Damage Coverage
This auto insurance Wisconsin will cover the expenses for repair of the physical damage to your vehicle caused during an accident.
Comprehensive Coverage
Comprehensive coverage will shoulder damages caused to your vehicle due to natural causes like hail, storm, water, fire etc.
The above information was to familiarize you with basics of auto insurance Wisconsin. The rates of auto insurance will vary. You can easily take note of the minimum limit requirement of the law, and can choose the coverage that you deem is the best possible option for you and your loved ones.
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