Auto insurance in General, which includes car insurance is an insurance consumers can buy for cars, trucks and other vehicles. Its meaning primarily provide protection against losses incurred as a result of car accidents and vehicle theft. It also includes losses due to natural disasters. To have your car insured is required by law. When you insure that you get a "policy", which is based on a variety of factors, including the type of car you drive, as well as what kind of insurance you want, how these policies are actually a package of different types of insurance coverage. They can be classified as:
Responsibility – this coverage pays for unintentional injuries and damage to other property. Injury damages include medical expenses, pain or suffering and lost wages. Property damage include damage to the automobile. This coverage also pays the legal costs and defence. State laws fix how much liability coverage, you must purchase, but you can also get more coverage, if desired.
Collision-this insurance pays for damages to your vehicle caused by collision with another vehicle or object.
Comprehensive – this coverage pays for losses or damages to the insured vehicle which does not occur in a car accident. The possible types of comprehensive insurance covers damages include loss caused by fire, wind, hail, flood, vandalism or theft.
Medical coverage – pays medical expenses, regardless of who is to blame era, while the costs are caused by a car accident.
PIP-Personal Injury Protection (PIP) – this coverage pays for medical expenses for the driver of the insured, regardless of who is to blame for treatment due to injuries resulting from a car accident.
Uninsured Motorist – pays damages your car when a car accident is caused by another driver who doesn't have liability insurance.
Underinsured motorist Pays compensation from your car when a car accident is caused by someone who has an insufficient liability insurance to resolve all their claims.
Reimbursement of rent – this type of insurance will pay for a rental car if your rental car is damaged due to a car accident. This coverage has often allowances to be paid at the time of renting a car.
Some insurance policies club together a number of these types of coverage. Depending on the laws that exist in your State, you have to choose the insurance you want for your car. Even though the State may not require extensive extra coverage insurance, may be worth the expense as it is possible that you may be straddled with thousands of pounds because of a car accident.
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