Holding The Wrong Type Of Car Insurance Might Get You Into Serious Trouble
Car insurance is designed to protect the policy holder (usually the owner or driver of the car) from financial loss as a result of a car accident. To get this protection the policy holder pays a regular premium which varies according to a number of factors like the driver's age, the type of vehicle, the driver's history and location to mention just a few.
There are several different types of car insurance to protect the plan holder from costs arising out of damage to the car, property damage and injury to persons involved in an automobile accident. The various different types of insurance cover include:
Liability cover which provides payment for damages to others or their property as a result of an auto accident and which also meets any court costs involved. In a lot of states this is the bare minimum required before you are permitted to take a car onto public roads.
Collision cover which is designed to pay for damage caused to your vehicle during a collision with another car or other object.
Comprehensive cover which provides payment for various types of damage including theft, fire, malicious mischief and damage resulting from severe weather.
Medical cover which pays for any medical expenses for injuries sustained in an automobile accident.
PIP (Personal Injury Protection) cover which pays for medical expenses when injury is sustained in an accident, regardless of whose fault it is.
Uninsured and under-insured cover which provides payment for any damages which you sustain in the event that the other driver involved in an auto accident does not carry sufficient insurance cover.
Every state makes its own rules governing car insurance and some types of cover will be mandatory in each state while others will be purely optional. For instance, some states only require you to have liability insurance while other states require you to have personal injury protection insurance cover.
There are also various states that are referred to as 'no-fault' states where insurance policy holders are able to recover financial losses from their own insurance company, regardless of who is deemed to be at fault in a car accident. - 23211
There are several different types of car insurance to protect the plan holder from costs arising out of damage to the car, property damage and injury to persons involved in an automobile accident. The various different types of insurance cover include:
Liability cover which provides payment for damages to others or their property as a result of an auto accident and which also meets any court costs involved. In a lot of states this is the bare minimum required before you are permitted to take a car onto public roads.
Collision cover which is designed to pay for damage caused to your vehicle during a collision with another car or other object.
Comprehensive cover which provides payment for various types of damage including theft, fire, malicious mischief and damage resulting from severe weather.
Medical cover which pays for any medical expenses for injuries sustained in an automobile accident.
PIP (Personal Injury Protection) cover which pays for medical expenses when injury is sustained in an accident, regardless of whose fault it is.
Uninsured and under-insured cover which provides payment for any damages which you sustain in the event that the other driver involved in an auto accident does not carry sufficient insurance cover.
Every state makes its own rules governing car insurance and some types of cover will be mandatory in each state while others will be purely optional. For instance, some states only require you to have liability insurance while other states require you to have personal injury protection insurance cover.
There are also various states that are referred to as 'no-fault' states where insurance policy holders are able to recover financial losses from their own insurance company, regardless of who is deemed to be at fault in a car accident. - 23211
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posted by X - Men @ 1:04 AM
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