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.
|
Not Caring About Personal Privacy Might Lead to Auto Insurance Discounts, Says 4AutoInsuranceQuote
The Website Just Posted a New Article that Explains How People who are Not Concerned with this Issue Might Get Better Auto Insurance Rates New York, NY / ACCESSWIRE / September 12, 2014 / 4AutoInsuranceQuote.com, ...
Auto Insurance Quotes For High Risk Drivers Now Available At Insurance Panda
The Article Helps High Risk Drivers Understand How Insurance Companies Decide how to Insure Vehicles and the Best Way to Obtain Auto Coverage New York, NY / ACCESSWIRE / September 3, 2014 / InsurancePanda.com, ...
Cheap Car Insurance for Preowned Motor Vehicles Added to National System at Insurance Portal Online
Cheap car insurance is now searchable for owners of preowned vehicles using the finder at the Quotes Pros website at http://quotespros.com/auto-insurance.html . (PRWeb August 21, 2014) Read the full story at http://www.prweb.com/releases/cheap-car-insurance/auto-insurance-quote/prweb12113731.htm
Cheap Insurance for Used Car Owners Now Supplied at Insurer Website Online
Cheap insurance is now quoted for owners of used cars using the insurer finder at the Quotes Pros website. This finder is available at http://quotespros.com/auto-insurance.html . (PRWeb August 28, 2014) Read the full story at http://www.prweb.com/releases/cheap-insurance/car-insurance-quotes/prweb12130609.htm
When to Drop Collision -- and Risk it All
Wondering whether to keep collision coverage as part of your auto insurance? Do the math. And ask yourself: Can I write off this car?
Cheap Vehicle Insurance Finder Now Promotes SR22 Insurance Rates to Motorists Online
A cheap vehicle insurance finder built at the Quotes Pros website is now delivering SR22 rates for high risk drivers at http://quotespros.com/auto-insurance.html . (PRWeb August 23, 2014) Read the full story at http://www.prweb.com/releases/cheap-vehicle-insurance/car-insurance-quotes/prweb12117100.htm
Affordable Auto Insurance by State Now Searchable in Real Time at Insurance Website
Affordable auto insurance is now displayed by state using the database for real time pricing at http://quotespros.com/auto-insurance.html . The Quotes Pros website is offering this service. (PRWeb August 20, 2014) Read the full story at http://www.prweb.com/releases/affordable-auto-insurance/car-insurance-cheap/prweb12109462.htm
2004 Seat Leon Reviews
EGR replaced at 156,000, this is the only major cost, other than normal service parts. The car has been exceptionally reliable, is serviced every 10,000 miles. It is the most enjoyable car that I have owned with good performance, and it puts a smile on my face every time that I drive it.
Here?s How a Flawless $300,000 Diamond Was Lost In an F1 Car Crash
If you spend enough time writing on the Internet, you'll eventually be accused of creating a "clickbait" headline. You know what I'm talking about: the headline mentions a revolutionary new advancement in modern technology, something that will change our lives forever , a feat of engineering that will alter the course of history as we know it , but the article is about shoes. Read more...
|
