Top Auto Insurance Policies Explained from A to Z
With so many people driving all kinds of motor vehicles on today’s already overcrowded roads, it is of no surprise that many types of auto insurance policies have been created to meet the many different needs of their potential clients. And in their turn, auto insurance quotes have been created to facilitate the process of finding the right type of auto insurance policy for each person’s needs.
If you are a driver, you will not only need auto insurance coverage for safety purposes, you will also be required to do so by law. But knowing exactly which type of coverage should you have, and which ones are you required to have, highly depends on your unique circumstances. You may or may not need all these features, but are the key ones of auto insurance that you should know about:
Bodily injury and property damage liability insurance is the type of coverage by which the insurer agrees to pay damages if you injure someone or his property in an car accident.
Collision insurance is meant to cover you in the event that you are involved in an automobile accident, regardless of who is at fault. Collision insurance provides protection to replace or repair your vehicle, which is subject to a deductible.
Comprehensive insurance is a type of auto insurance that covers you in the event of your car being damaged by natural causes, like hail or a tree or tree branch falling on your car – basically all risks not involving an automobile collision. Comprehensive coverage pays to repair your vehicle, which is subject to a separate deductible.
Medical payments insurance is a feature providing a limited amount of coverage for you and your passengers’ medical expenses in case an accident happens. The coverage pays regardless of who is at fault.
Uninsured and underinsured motorists liability coverage works like this: if you are involved in an accident with another driver who does not have any or enough liability coverage, uninsured or underinsured motorists liability coverage allows you to collect damages that you would personally suffer from the accident.
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