Car insurance is a great way to protect your car and yourself. It can be very expensive if you don’t have the right coverage, so it’s important that you get all of the information you need before purchasing any policy. There are many car insurance policies with different terms and conditions, and it is upon you to choose the best coverage.
, The following are TYPES of Car Insurance coverages.
Collision Coverage
This type of coverage pays for damages resulting from a crash between your vehicle and another object. Examples of covered losses include repair costs, lost wages due to time off work, and replacement costs. In addition, collision coverage includes legal fees incurred after filing a claim.
Comprehensive Coverage
Comprehensive coverage provides financial protection against theft and fire loss of your vehicle. A typical comprehensive plan also limits how much it will pay for bodily injuries sustained in crashes involving your insured vehicle.
PERSONAL INJURY COVERAGE
The purpose of personal injury cover is to protect injured parties from bearing the entire burden of medical bills themselves. It does this by providing payment directly to health care providers. Most plans also contain reimbursement provisions for lost income if you cannot drive yourself to work.
Uninsured Motorists Coverage
If an at-fault driver doesn’t have enough insurance to compensate victims fully, you may receive compensation under Uninsured/Underinsured Motorists. This form of coverage compensates you for injuries suffered in car wrecks where the responsible driver lacks adequate insurance. This coverage typically requires that you maintain $10,000 worth of minimum coverage, but there are exceptions.
conclusion
Car insurance is one of those things that most people don’t think too hard about until they need it. But once you realize its benefits to you and your vehicle t it could make on your life, you’ll want to take steps to ensure that you get the right policy with the lowest possible rates. By doing so, you’re going to save money over the long run.