Auto Insurance Gives You Absolute Peace of Mind
Buying a car is an important decision; and when you buy one, you also need to get a suitable auto insurance to cover risks. Many cars get stolen and there have been several hit-and-run cases in the recent past. Auto insurance provides protection against accidents by covering the monetary loss or damage. Most states in the US have made auto insurance compulsory, which means if your vehicle is not insured you may have to face penalties which may involve a hefty fine or cancellation/suspension of license and/or registration. With auto insurance, you not only get protection but also peace of mind in case of any unfortunate incident.
There are many auto insurance companies that provide different insurance policies. Depending upon the policy, there are different types of coverage. Some are discussed below:
Liability Coverage: This is offered for both property damage (PD) and bodily injuries (BI) in case of accidents in which the driver of the insured car is held accountable.Liability coverage could be a split limit policy or a combined single limit policy. A split limit policy would split the total liability into property damage and bodily injuries while a combined single limit policy will combine the liabilities into one.
Collision Coverage: This type of coverage comes into play when the owner's car is involved in an accident. The insurer will pay to get the car repaired and if it is not repairable then the cash value of the car (subject to a deductible) will be returned.
Comprehensive Coverage: This coverage does not cover the collision aspect, but covers incidents like fire, theft, vandalism, acts of nature and other non-collision incidents.
In addition to these, some other types of insurance coverage are uninsured/underinsured coverage, loss of use coverage, loan/lease payoff, and towing coverage. However, with so many insurance companies out there it becomes very tricky to go through every auto insurance plan. To find the best auto insurance quotes, please visit http://www.insurancequotesus.com/. It is a one-stop-online-insurance-comparison service provider.
There are many auto insurance companies that provide different insurance policies. Depending upon the policy, there are different types of coverage. Some are discussed below:
Liability Coverage: This is offered for both property damage (PD) and bodily injuries (BI) in case of accidents in which the driver of the insured car is held accountable.Liability coverage could be a split limit policy or a combined single limit policy. A split limit policy would split the total liability into property damage and bodily injuries while a combined single limit policy will combine the liabilities into one.
Collision Coverage: This type of coverage comes into play when the owner's car is involved in an accident. The insurer will pay to get the car repaired and if it is not repairable then the cash value of the car (subject to a deductible) will be returned.
Comprehensive Coverage: This coverage does not cover the collision aspect, but covers incidents like fire, theft, vandalism, acts of nature and other non-collision incidents.
In addition to these, some other types of insurance coverage are uninsured/underinsured coverage, loss of use coverage, loan/lease payoff, and towing coverage. However, with so many insurance companies out there it becomes very tricky to go through every auto insurance plan. To find the best auto insurance quotes, please visit http://www.insurancequotesus.com/. It is a one-stop-online-insurance-comparison service provider.
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