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 fees and personal injury claims filed against you if someone is killed or harmed in your auto and you are found to be responsible. Property damage liability deals with legal bills and other damage claims, in case there is harm to another person's property by means of your car.
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 autos in which damage occurred to a collision with another car, object or even a 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.
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 fees and personal injury claims filed against you if someone is killed or harmed in your auto and you are found to be responsible. Property damage liability deals with legal bills and other damage claims, in case there is harm to another person's property by means of your car.
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 autos in which damage occurred to a collision with another car, object or even a 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.
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Before you purchase Auto Insurance, check out Nathan's tips about getting Auto Insurance For Teens.
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