Auto Insurance Explained
Like a healthy body a healthy car insurance policy consists of a number of moving parts working in harmony.
Auto insurance explained. Car insurance explained what to do after a car accident. Well examine a car accident scenario to explain how the individual parts of a policy from coverages to deductibles to limits work together to settle a claim and protect your finances. Vehicle insurance also known as car insurance motor insurance or auto insurance is insurance for cars trucks motorcycles and other road vehiclesits primary use is to provide financial protection against physical damage or bodily injury resulting from traffic collisions and against liability that could also arise from incidents in a vehicle. When you are new to the car insurance scene you might have a lot of questions.
Vehicle insurance may additionally offer. Vehicle insurance in the united states and elsewhere is designed to cover the risk of financial liability or the loss of a motor vehicle that the owner may face if their vehicle is involved in a collision that results in property or physical damagemost states require a motor vehicle owner to carry some minimum level of liability insurance. Definitions and terms explained. While we dont all have to be auto insurance experts.
While everyone that drives in this country has to have some form of auto insurance by law many do not understand the basics of their policies. States that do not require the vehicle owner to. When you are involved in the accident and when it is concluded that that accident took place before of your faultnegligence the liability coverage will come to your rescue. The following 5 types of car insurance coverage should be studied to choose the best coverage for your car.
Check out this handy infographic on the types of required and optional drivers insurance coverages. Car insurance for dummies. Briefly learn about the four basic coverages included in a standard personal auto policy. Definitions and terms explained.
Car insurance isnt the simplest thing in the world and there are a lot of details that you should learn. Some auto insurers however are now offering supplemental insurance products at additional cost that extend coverage for vehicle owners providing ride sharing services. Liability insurance will cover the cost of repairing any property damaged by an accident as well as the medical bills from resulting injuries. In the event of hail damage or a tree limb falling on your car risks not involving an automobile collision this coverage insures you.
Liability insurance covers you in the event you are in a covered car accident and it is determined the accident is a result of your actions. Comprehensive coverage pays to repair your vehicle subject to. Auto insurance can be confusing.