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 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 all-inclusive coverage, insurance is for autos that are damaged due to theft or natural causes. The insurance amount if paid for repair or replacement of the vehicle.
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.
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 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 all-inclusive coverage, insurance is for autos that are damaged due to theft or natural causes. The insurance amount if paid for repair or replacement of the vehicle.
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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