There are a many types of auto insurance coverages to protect people and enable them to drive legally in every state. Policy types range from basic bodily injury and liability insurance to full coverage insurance plans with many options available.
To drive legally on public roads, highways and freeways, every state requires motorists carry at least some level of liability insurance, which protects other people and not the insured vehicle or its owner. Liability insurance pays up to policy limits for injuries to others as well as for damage to other people’s property. The insurance generally is broken down into three components.
The first pays up to policy limits for injuries to any one person while the second pays up to policy limits for the costs to treat all people injured in an accident in which the insured motorist is at fault. The final component pays for damages to other people’s property.
People who own valuable vehicles or who finance the purchase of any new or used vehicles need full coverage car insurance. Full coverage insurance can protect against potential catastrophic disasters that might damage or destroy a vehicle, such as a flood or wind and hail damage, and full coverage insurance can protect against possible theft of not only the vehicle but its contents as well.
People who finance a new or used vehicle must have full coverage insurance to protect the vehicle and the lender’s investment. If full coverage insurance is not purchased, the lender will add the cost of an asset-protection insurance plan to the cost of monthly payments. And that means the lender’s investment is protected, but the vehicle is not legal to drive on public roads. But full coverage insurance suits the needs of all parties involved while giving protection not only for the vehicle but people who might be injured or killed or have their property damaged or destroyed due to some mishap involving the vehicle’s operation.
Full coverage auto insurance has two parts. The first is collision insurance to protect against damage or destruction due to a collision with another vehicle or object or a sudden upset while traveling that might result in an accident. The second part of full coverage insurance is comprehensive insurance, which protects the vehicle and its contents against theft, vandalism or the loss of the vehicle’s contents.
If you bought a nice aftermarket audio system and documented the purchase, it would be replaced if the vehicle were stolen through the comprehensive insurance. Comprehensive insurance also would pay for any losses caused by flooding, which standard car insurance plans would not cover.
Uninsured and underinsured motorists coverages also are available and are required by law in many states. The insurance coverages pay for damages and injuries caused by uninsured drivers, motorists who don’t have enough liability insurance to pay for damages or injuries or unidentified motorists who cause a loss of some sort, such as a hit-and-run driver.
Other insurance coverages also are available for nominal fees, including towing, roadside service, car rental coverage and others. Many times the coverages are included with full coverage auto plans but can be waived by policyholders.
To drive legally on public roads, highways and freeways, every state requires motorists carry at least some level of liability insurance, which protects other people and not the insured vehicle or its owner. Liability insurance pays up to policy limits for injuries to others as well as for damage to other people’s property. The insurance generally is broken down into three components.
The first pays up to policy limits for injuries to any one person while the second pays up to policy limits for the costs to treat all people injured in an accident in which the insured motorist is at fault. The final component pays for damages to other people’s property.
People who own valuable vehicles or who finance the purchase of any new or used vehicles need full coverage car insurance. Full coverage insurance can protect against potential catastrophic disasters that might damage or destroy a vehicle, such as a flood or wind and hail damage, and full coverage insurance can protect against possible theft of not only the vehicle but its contents as well.
People who finance a new or used vehicle must have full coverage insurance to protect the vehicle and the lender’s investment. If full coverage insurance is not purchased, the lender will add the cost of an asset-protection insurance plan to the cost of monthly payments. And that means the lender’s investment is protected, but the vehicle is not legal to drive on public roads. But full coverage insurance suits the needs of all parties involved while giving protection not only for the vehicle but people who might be injured or killed or have their property damaged or destroyed due to some mishap involving the vehicle’s operation.
Full coverage auto insurance has two parts. The first is collision insurance to protect against damage or destruction due to a collision with another vehicle or object or a sudden upset while traveling that might result in an accident. The second part of full coverage insurance is comprehensive insurance, which protects the vehicle and its contents against theft, vandalism or the loss of the vehicle’s contents.
If you bought a nice aftermarket audio system and documented the purchase, it would be replaced if the vehicle were stolen through the comprehensive insurance. Comprehensive insurance also would pay for any losses caused by flooding, which standard car insurance plans would not cover.
Uninsured and underinsured motorists coverages also are available and are required by law in many states. The insurance coverages pay for damages and injuries caused by uninsured drivers, motorists who don’t have enough liability insurance to pay for damages or injuries or unidentified motorists who cause a loss of some sort, such as a hit-and-run driver.
Other insurance coverages also are available for nominal fees, including towing, roadside service, car rental coverage and others. Many times the coverages are included with full coverage auto plans but can be waived by policyholders.
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