The phrase
"optional coverage" refers to insurance or protection that is not required but can be added to a policy if desired. It means you have the choice to include or exclude certain types of coverage based on your needs and preferences.
Full definition
This type
of optional coverage pays for injuries that someone else suffers on your property, but it also prevents an injured person from suing you for the value of your home.
You can pick and choose how much or how little coverage you want as well
as optional coverage extras such as loss of use coverage, travelers insurance and flood and earthquake protection.
If you want coverage for your vehicle, you need to
add optional coverages of collision and comprehensive to your car insurance policy.
They also offer a handful of
optional coverages including theft coverage for your jewelry, coverage for lock replacement, refrigerated property, water back up, lost credit cards, identity theft.
The good news is that there are a number of
optional coverage types that are designed to cover nearly every hazard imaginable.
There are some other plans that may provide
optional coverage on flexible terms, which are known as «covered for any reason» plans.
Students will benefit from including
optional coverage extras onto their policies, especially if you want full and comprehensive coverage.
If you have a very broad insurance policy that includes several
optional coverages like collision and comprehensive, you may want to reduce your coverage.
You may also want to consider
optional coverage options if you leave your car parked on the street at night and are concerned with theft or vandalism in your neighborhood.
If you need a little more protection than the basic auto insurance options provide there are
several optional coverage choices available.
The Bottom Line: With high coverage limits and
optional coverage if purchased early, this plan is ideal for those longer or more expensive trips you will take.
You may also want to
buy optional coverages like medical payments, towing, or road side assistance, to minimize your financial risks.
Our policies provide important standard and
optional coverages not available in conventional auto policies, or in the stripped down RV policies offered by other companies.
In addition to the liability insurance required by law, you may be asked to consider some, or all, of the
following optional coverage options.
Basic coverage is often the state required minimum coverage, sometimes called compulsory coverage, while full coverage usually means carrying many
optional coverage choices in addition to the required coverage.
Car insurance required by law, as opposed to car
insurance optional coverage, is on the books in almost every state across the country.
On top of this basic coverage, you can also
choose optional coverage extras on your rental insurance rates such as earthquake and flood insurance, loss of use coverage and travelers protection.
Always check with your insurer to verify what is covered before purchasing
optional coverage from a rental car agency.
It's important to read your policy to know what your endorsements are, and to know
what optional coverage you might be able to elect for.
However, you can also look
into optional coverage extras such as uninsured / underinsured coverage, collision protection, comprehensive coverage and bodily injury protection.
Also note that as far as
optional coverage selections go, uninsured motorists coverage is one of the least expensive add - ons you can include in a car insurance policy.
You can choose from many
different optional coverage types that can help protect your home, your belongings and your family beyond the standard home insurance coverage types.
Many life insurance policies offer a variety of
optional coverage benefits called «riders» that may be available to policyholders for an additional premium charge.
There are also other
optional coverages under a commercial auto insurance policy such as towing and roadside assistance as well as rental car reimbursement.
Minimum levels of insurance protection vary according to where you live, and some states also require companies to offer
certain optional coverage that drivers could choose whether or not to accept.
Optional coverages take your building protection even further with better property coverage, personal liability coverage for condo board members, and even coverage for theft of condo funds.
Optional coverage upgrades have simple and affordable per - person pricing, so it's easy to know how much the coverage will cost right up front.
Phrases with «optional coverage»