Car insurance is for your protection in case of accidents to others or damage to the property in case of an auto collision. It can also give you protection if the car is stolen. The kind of protection you have is in the insurance policy. It is a contract between you and the insurance firm, you as the client should pay for the premium to the insurance firm in exchange for the coverage you have picked. The policy sets forth what the insurance company will cover and what will not be covered.
Car insurance usually covers 4 basic things and they are the liability coverage, this is for injuries to others and damage to their properties, another is the cover for damage to your car, coverage for medical expenses and uninsured motorist coverage for certain instances where someone without insurance has caused your accident or any of your family members. There are different kinds of insurance coverage available these days, but your options may vary depending on the provider and the state where you are located.
Some of the simplified descriptions of common auto insurance coverage available these days, their limits, terms and other important detail you should know.Car insurance is a policy bought by the owner to mitigate the cost linked in getting an auto accident. Instead of paying using his/her own money for auto related accidents, he/she just pay the annual premiums to the insurance company and then the company will pay for the accident and other costs linked to the vehicle or damages.
Picking an auto insurance that will fit into your needs is so essential; you need to know some basics about it to fully understand if it fits you. In this article you will learn some information about the auto insurance and answers to some common questions as well.
The bodily injury liability coverage usually pays for the damages for injured bodies of the driver and passengers of the other vehicle if you are the one responsible for the accident. It will also give coverage to defend you if in case you are sued by the other party because of the accident. Another type is the property damage liability coverage, this pays for the general damages to the other person involved or his property when you caused the accident. This will also give coverage to defend you if you are sued in court due to the accident.
There is also the medical payment coverage, which will cover you or any of your family members for medical expenses because of a car accident. The car insurance will also cover a pedestrian if you hit him/her by accident. There are some states that also offer personal injury protection as an additional coverage to the insurance. This is better known as the no fault coverage wherein the PIP will pay for the medical expenses, loss of income, funeral and other expenses related to the accident. It pays to know the benefits you can get from car insurance if you wish to reap the advantages from your hard earned money.
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