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Here are a few of the basic car insurance types how they work and what they cover.
Compare types of car insurance quizlet. Investigate other types of insurance such as life insurance long term disability travel extended warranties cell phone and pet insurance and determine if they are worthwhile expenses. Type of automobile insurance required in most states. Health maintenance organization hmo. Protects you from claims of injuryproperty damage to others protects other people in car and any repairs or if someone wanted to sue you you must have 15305 in nj.
Protects the insured against claims for property damage caused by insureds car. Insurance that pays for bodily injury and property damage to o. 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. This type of car insurance coverage covers other peoples body injuries or even death for which you are responsible.
If youre shopping for auto coverage knowing the different types of auto insurance and their coverages is an important step in getting the policy thats right for you. Traditional health insurance provides reimbursement for hospital surgical medical and other expenses. Liability coverage is a type of car insurance coverage thats actually the same as the bodily injury liability. The following 5 types of car insurance coverage should be studied to choose the best coverage for your car.
A type of insurance available to a person renting that covers the policyholders belongings and liability coverage. 5 types of insurance coverage. Plans can include deductible and co payments of 20 percent or more. Only required insurance most basic type of coverage.
Insurance that covers damage to your vehicle when it is involv. Covers your car for reasons other than a collision such as th. Describe the cost and impact of larger societal forms of insurance like social security. Referred to in a three part series 10030050.
Disability insurance a type of insurance paid to an individual if heshe is injured and is unable to work for a specified length of time.
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