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Understanding Different Types Of Auto InsuranceBy Marcus Dubois
Auto Insurance policies can be divided into different categories according to the coverage they provide. Broadly speaking there are four kinds of policies known as Collision Insurance, Comprehensive Coverage Insurance, Uninsured and underinsured Motorist Coverage policies and No Fault Automobile Insurance policy. Besides these, there are policies that take care of other needs like covering an auto loan, paying for towing expenses or paying for the cost of a rented car while your vehicle is being repaired.
The most common insurance policies are:
Collision: Any property damage caused to your vehicle due to an accident caused by any other vehicle or object is covered under this policy. The claim amount cannot exceed the actual cash value of the vehicle and is subject to any deductible.
Comprehensive: Any property damage to your vehicle that is caused by non-collision factors like fire, theft, vandalism, and even natural disasters like flood, hurricane or earthquake is covered under this policy.
Uninsured Motorist Coverage (UM) and underinsured motorist (UIM) coverage: takes cares of any injury that may result to you or to persons insured in your policy from an accident that takes place with another uninsured or underinsured driver or vehicle owner. Generally only body injuries are covered under this policy.
No Fault Auto Insurance Policy: Irrespective of who caused the accident, the insurance company pays for the medical expenses and for the loss of wages that the insured suffers on account of a collision under this policy.
Some other additional coverage that an auto insurance policy holder can buy are:
Property Damage Liability and Bodily Injury Liability: These two policies protect the insured from any claims made against him for causing damage to property including vehicle belonging to another person or for causing any bodily injury or loss of life to other individuals up to the amount mentioned in the policy.
Auto Lease Protection: is an additional protection that you may add to your collision or comprehensive auto insurance policy to take care of any gap that exists between your auto loan amount and the cash value of your vehicle.
Full Tort and Limited Tort: available only in the state of Pennsylvania allows the insured to retain unrestricted rights to bring a lawsuit against a negligent party or recover expenses incurred for certain damages.
Rental Expense: Known as Extended Transportation Expense Coverage, the policy pays for a rental car while your vehicle is being repaired or replaced.
Medical Payments Insurance covers medical expenses for injuries sustained in an accident involving any vehicle for the insured, his passengers and other parties irrespective of whose fault it is.
Towing and Labor: An additional coverage option that can pay for all necessary towing and labor costs to tow your damaged vehicle to a work shop or another location.
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Kaua'i Council field mix of veterans, newcomers (Honolulu Advertiser)
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Democrats line up to challenge Ryan (The Janesville Gazette)
Three Democrats?Paulette Garin, Mike Hebert and Marge Krupp?are seeking their party?s nomination to challenge Republican incumbent Rep. Paul Ryan for his 1st Congressional District seat in the general election in November.
Delegation to join convention on low-income issues (The Spokesman-Review)
The Republicans and Democrats have had their say. Now it?s Agnes Broncheau?s turn. The way she sees it, the struggle between the political parties was a distraction. The business at hand, says the Nez Perce woman who lives in Spokane?s East Central Neighborhood, is mending families.
Top Cars for Teen Drivers; CarMax and Driver's Edge Recommend Best Vehicles for Safety and Reliability (Business Wire via Yahoo! Finance)
RICHMOND, Va.----If your teen's back to school list includes a car, you will want to know which vehicles are recommended for young novice drivers. To help students and parents find the best car, CarMax, Inc. , the nation's largest retailer of used cars, and Driver's Edge, a national nonprofit organization providing youth driver education, have teamed up to recommend the top cars for new drivers.
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