Benefits of Vehicle Insurance
An automobile policy is a contract between an individual and the car insurer. The insurer makes payments and the insurance company, in turn, pays for any losses incurred while the policy lasts.
Car insurance is required in most states. A number of types of coverage is available.
Some of the components of automobile insurance are bodily injury liability, property damage liability, medical payments coverage, uninsured or underinsured motorist coverage, comprehensive coverage, and collision coverage. A typical policy features the six types of coverage listed above.
Bodily injury liability covers legal costs and personal injury claims filed against you if someone is killed or injured in your automobile and you are found to be at fault. Property damage liability deals with legal costs and other damage claims, in case there is damage to another person's property by means of your vehicle.
Medical payment coverage helps pay medical costs, even if the insured person is hurt in somebody else's automobile. Uninsured or underinsured auto coverage protects against costs incurred as a result of an accident that is caused by another individual who is either uninsured or does not have enough insurance.
In comprehensive coverage, insurance is for vehicles that are damaged because of theft or natural calamities. Here, the insurance amount is paid for repair or replacement of vehicles.
Collision coverage is for cars in which damage was incurred due to impact with another automobile, thing or person.
Automobile insurance policies are discounted when anti-theft devices are installed or more than one policy is held by the same insurer. An additional benefit is extended coverage for others who may drive your car.
Car insurance is required in most states. A number of types of coverage is available.
Some of the components of automobile insurance are bodily injury liability, property damage liability, medical payments coverage, uninsured or underinsured motorist coverage, comprehensive coverage, and collision coverage. A typical policy features the six types of coverage listed above.
Bodily injury liability covers legal costs and personal injury claims filed against you if someone is killed or injured in your automobile and you are found to be at fault. Property damage liability deals with legal costs and other damage claims, in case there is damage to another person's property by means of your vehicle.
Medical payment coverage helps pay medical costs, even if the insured person is hurt in somebody else's automobile. Uninsured or underinsured auto coverage protects against costs incurred as a result of an accident that is caused by another individual who is either uninsured or does not have enough insurance.
In comprehensive coverage, insurance is for vehicles that are damaged because of theft or natural calamities. Here, the insurance amount is paid for repair or replacement of vehicles.
Collision coverage is for cars in which damage was incurred due to impact with another automobile, thing or person.
Automobile insurance policies are discounted when anti-theft devices are installed or more than one policy is held by the same insurer. An additional benefit is extended coverage for others who may drive your car.
About the Author:
Before you purchase Car Insurance, check out Nathan's tips about getting Car Insurance for Teens.
posted by Frank Potter at 6:08 AM
0 Comments:
Post a Comment
<< Home