Car Insurance West Linn, OR
Are you looking to learn some things about car insurance in West Linn, OR? Then let the experts at Schmidt Insurance Group instruct you in this arena because this is where we know our Schmidt!
Schmidt Insurance Group was established in Lake Oswego in 2019 to simplify the process of buying insurance while providing exceptional customer service. We proudly serve all of Oregon and Washington.
Our team consists of born-and-raised Oregonians who are specially trained in high-net-worth households and can help you find the exact amount of coverage you need.
An Intro to Car Insurance
This is a policy that auto owners purchase for the purpose of mitigating costs that would be associated with auto accidents. People pay these annual premiums to insurance companies as a means of not having to pay-out-of-pocket should an accident occur.
The truth is, policy premiums vary depending on gender, driving experience, age, accident history, and previous claims made, among other factors.
Most states will mandate a minimum amount of coverage necessary.
In the states of Oregon and Washington, you are required to have a minimum liability coverage of $25,000 per person and $50,000 per incident. In many cases, this is not enough coverage.
This is how insurance ultimately works…
You pay a premium and the insurance company agrees to pay for any losses that have been outlined as covered within your policy. These coverages can include:
Bodily Injury Liability: This is arguably the most important coverage to have. It applies to injuries that you or family members listed on your policy cause to someone else and will protect your personal assets (such as homes and savings) from lawsuits that can happen after an accident.
Property Damage Liability: This coverage pays for damage that you (or someone driving your car with permission) accidentally cause to someone else’s property. Usually, it means damage to someone else’s vehicle, but it also includes damage to fences, telephone poles, lamp posts, buildings, and other structures hit in an accident.
Personal Injury Protection (PIP): This coverage provides reimbursement for medical expenses for injuries to you or your passengers. It will also cover lost wages and other related expenses.
Collision: This coverage pays for damage to your car that occurs as a result of a collision with another vehicle or object, such as a tree or guardrail, when you are at fault.
Comprehensive: This coverage reimburses you for loss due to theft or damage caused by something other than a collision with another car or object, such as fire, flood, hail, falling rocks or trees, vandalism, and even getting hit by an asteroid!
Uninsured and Underinsured Motorist (UM/UIM): This coverage protects you if the at-fault party in your accident doesn’t have insurance or has insufficient insurance to pay for your damage, medical expenses, and loss of income. Not only does it protect you, but also your family members and other people who are riding in your car.
When you own a car in West Linn, OR, work with top car insurance companies like Schmidt Insurance Group to protect your vehicle and personal belongings. We know our Schmidt and make it easy to find the coverage you need! Give us a call at (503) 506-4554.
