Benefits of Vehicle Insurance
A car insurance policy is an accord between an individual and the automobile insurer. The insured pays a fee as insurance and the insurance company, in turn, promises to pay for vehicular losses accrued as long as the policy is in effect.
Automobile insurance is mandatory in almost every state. Several coverage options are available.
Some of the components of car insurance are bodily injury liability, property damage liability, medical payments coverage, uninsured or underinsured motorist coverage, comprehensive coverage, and collision coverage. A typical policy will feature one, several or all of the components mentioned above.
Bodily injury liability covers legal bills and personal injury claims filed against you if someone is killed or hurt in your auto and you are found to be in the wrong. Property damage liability deals with legal expenses and other damage claims, in case another person's property is damaged by your automobile.
Medical payment coverage assists in paying medical costs, even if the insured individual is hurt in somebody else's car. Uninsured or underinsured motorist coverage protects against costs incurred as a consequence of an accident that is triggered by another person who is either uninsured or who has inadequate insurance coverage.
With across-the-board coverage, insurance is for cars that are damaged due to theft or natural causes. The insurance is used to pay for repairs or to replace the automobile.
Collision coverage is mainly for vehicles in which damage occurred due to collision with other vehicles, objects, or even persons.
Car insurance policies give discounts for having more than one policy with the same insurer and for having anti-theft devices installed. Another advantage is extended coverage for others who may drive your auto.
Automobile insurance is mandatory in almost every state. Several coverage options are available.
Some of the components of car insurance are bodily injury liability, property damage liability, medical payments coverage, uninsured or underinsured motorist coverage, comprehensive coverage, and collision coverage. A typical policy will feature one, several or all of the components mentioned above.
Bodily injury liability covers legal bills and personal injury claims filed against you if someone is killed or hurt in your auto and you are found to be in the wrong. Property damage liability deals with legal expenses and other damage claims, in case another person's property is damaged by your automobile.
Medical payment coverage assists in paying medical costs, even if the insured individual is hurt in somebody else's car. Uninsured or underinsured motorist coverage protects against costs incurred as a consequence of an accident that is triggered by another person who is either uninsured or who has inadequate insurance coverage.
With across-the-board coverage, insurance is for cars that are damaged due to theft or natural causes. The insurance is used to pay for repairs or to replace the automobile.
Collision coverage is mainly for vehicles in which damage occurred due to collision with other vehicles, objects, or even persons.
Car insurance policies give discounts for having more than one policy with the same insurer and for having anti-theft devices installed. Another advantage is extended coverage for others who may drive your auto.
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posted by Frank Potter at 1:21 PM
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