Car insurance is extremely important if you use a vehicle. Automobile insurance is used to protect the individual or a company or organization against financial loss in respect of a motor vehicle. The financial loss can occur for many reasons, and having auto insurance can cover your losses in a variety of ways. There are six major types of coverage is available through auto insurance companies, they are:
Disclaimer PropertyDamage
Liability for damage to property is a hedge against the damage that you or someone driving your vehicle with your permission, made to the property of others. The damage may include the other vehicle, utility poles, fences, buildings, houses, shops, or almost any type of structure of your vehicle comes into contact with.
Liability for bodily injury
Liability insurance for personal injury is to pay damages that you or someone permission to drive your vehicle causes to anotherperson. Because of the injury can be very costly, it is important to ensure that you and your family has had enough of this type of coverage.
Collision
Collision coverage protects your vehicle against damage resulting from an accident (collision with another car, pot hole, turning the car, etc.). Collision coverage will pay for the repair of your vehicle, or if your vehicle was struck in the accident, it will refund the value of the vehicle (by subtractingfranchise and in many cases other costs).
Complete
Full coverage protect you against losses due to theft or other types of damage that is other than a collision, including fire, hail, vandalism, contact with animals, and acts of God ( such as hurricanes, floods, etc.)
Medical / cons personal injury (PIP)
Medical Coverage / PIP pays for treatment when you are injured in a motor vehicle accident or when driving a vehicle or a passenger inyour own vehicle. Some policies include a broader coverage such as rehabilitation costs, lost wages and even funeral costs.
Uninsured or underinsured
Uninsured coverage protect you against damage when the driver without insurance or a sudden run driver causes an accident with you, your family or your vehicle.
underinsured may be useful in the cover by a driver at fault is insufficient or does not have sufficient resources to payyour damages. For example, coverage can protect you if you're struck by a vehicle as a pedestrian.
It is important to note that the above types of coverage may require a separate fee and each type of coverage may have different deductibles.
