While choosing an automobile insurance policy, most people do not give as much thought. While taking a policy, people tend to choose the least covered, that is the cheapest. However, it does not take a minute to repent your decision. It just takes a fraction of a second, or one fateful curve to make things go seriously wrong.
Thus it is important to have your vehicle insured.
Which are the types of car insurances? There are 7 types of car insurances covers.
Bodily injury liability. – This cover is recommended by every state, and it covers the medical cost of the opposite party in an accident. It can also include the pay for lawsuit.
Property Damage Liability- this policy covers the damage done to the property when the accident occurred. Property damage includes damage to the house, electric pole, or a wall, mail box etc that you might have hit during the accident. This is also recommended by every state.
Collision cover- collision insurance cover takes care of the repair of your car that happened due to the accident. In this policy you are usually asked to pay a deductible, which is usually very much within most people’s budget.
Comprehensive insurance cover- a comprehensive is wide cover, that includes even damages due to calamities like earthquake, flood, hurricanes, or vandalism, or theft, fire etc. this policy too includes a deductible.
Personal Injury Protection- this policy covers both medical expenditures. This policy also pays medical expenses of individuals who traveled with you.
Under or uninsured property damage- if your car is damaged due to another driver or car that is not insured, or is under-covered, this policy will cover you.
Under or uninsured. Motorist Bodily injury- If the opposite drive does not have a policy or cannot pay for your damages and bills, this policy can help.
