When you relocate to a new country like the USA the first thing that may cross your mind is how to commute? If you are going to live in a smaller city than the first thing you will need is your own transport. Where as if it’s a bigger city like New York, which has a vast network of easily accessible public transport than it is not necessary for you to own one. Having thought of driving, you will have to acquire the required driving license and the next step is to think of owning a car. While contemplating on which car to buy you will also have to find the best possible auto insurance as it is mandatory for all cars and vehicles to be insured for unwarranted accidents or loss.
If you are an immigrant and are new to a place then you will naturally turn to your friends or known people who might have some experience before for help. They may take you to their insurance agent. Many immigrants may have language problems and thus find it difficult to understand the complicated insurance policies, which may make them nod assent to a lot of important questions which they may be asked .They may just be bargaining to get a fair payment option which may be easy on their pocket. They leave the agents office thinking all is well and are ready to drive away.
It hits him bad when he actually happens to get involved in an accident in New York city and that is the time he realizes that the insurance which he was so happy about doesn’t really take care of him totally. There may be incidents where the car damages may not be properly covered? Or maybe hospital and medical bills are not being paid because he had insurance for liability only.
There are many instances where due to the initial misunderstanding for new immigrants in NYC it becomes a very big problem. The insurance not covering their needs may burn a big hole in their pockets which will affect their life. The best way to avoid such things happening is to understand the basics of an insurance policy .They must understand the difference between limited liability and full coverage policies.
Understand the Liability vs. Full Coverage
There are two types of insurance in New York State -liability and full coverage. Liability coverage means if you make a mistake and get into an accident or cause one then the insurance covers the damages that you may have caused to others or their property. Where it takes care of the other party, it will actually not cover you or your vehicle. This insurance is cheaper as this doesn’t cover all .Every state has its law which has a specified amount of liability one needs to have.
If you have insured for a full coverage, it means that not only will the liability aspect will be covered, but also all your medical and personal property will be taken care of. Full coverage also means the insurance will cover any type of accidents happening. The damage to a car may happen due to accidents with another vehicle, animals or even banging into a building. Regardless of whether it’s that sort of an accident or not even if its natural calamity or due to vandalism, if the car is damaged then it will be covered by the insurance.
