What You Gain By Having Auto 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.
Auto insurance is compulsory in most states. There are different types of benefits or coverage.
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 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.
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 for cars in which damage was incurred due to impact with another automobile, thing or person.
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.
Auto insurance is compulsory in most states. There are different types of benefits or coverage.
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 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.
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 for cars in which damage was incurred due to impact with another automobile, thing or person.
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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Before you purchase Car Insurance, check out Nathan's tips about getting Auto Insurance For Teens.
posted by Frank Potter at 10:45 AM
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