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, ...
Car Insurance Yorba Linda CA: Target Up Insurance is Expanding
YORBA LINDA, Calif., Sept. 10, 2014 /PRNewswire-iReach/ -- Car Insurance Yorba Linda CA - Car insurance is not something many consider on a regular basis, and when it is time to start thinking, many just go with the first major company they find on the television or online. This is a shame, particularly because Target Up Insurance, a company with over 30 years of service in the Southern ...
Car Insurance Quote Finder Modified to Include National Pricing at Insurance Website
The car insurance quote finder at the Quotes Pros website is now featuring national prices from agencies at http://quotespros.com/auto-insurance.html . (PRWeb August 28, 2014) Read the full story at http://www.prweb.com/releases/car-insurance-quote/auto-insurance-quotes/prweb12130847.htm
Car Insurance Quote System for Texas Drivers Updated with 2014 Rates at Insurer Portal
The car insurance quote system built for motorists in the U.S. at the Quotes Pros website is now providing Texas agency rates for 2014 at http://quotespros.com/auto-insurance.html . (PRWeb August 23, 2014) Read the full story at http://www.prweb.com/releases/car-insurance-quote/auto-insurance-texas/prweb12117101.htm
General Car Insurance for New Drivers Now Quoted Online at Insurance Website
General car insurance is now being quoted for new drivers who use the independent system built at the Quotes Pros website at http://quotespros.com/auto-insurance.html . (PRWeb August 27, 2014) Read the full story at http://www.prweb.com/releases/general-car-insurance/car-insurance-quote-tool/prweb12127427.htm
Car Insurance Ontario CA: Target Up Insurance is Expanding
ONTARIO, Calif., Sept. 4, 2014 /PRNewswire-iReach/ -- Car Insurance Ontario CA - Car insurance is a necessity in California. While many may argue they do not need insurance because they are safe drivers, car insurance is not to protect them. Car insurance protects the consumer from other drivers. Those who live in Ontario, Calif., will be pleased to know that a 30 plus year veteran of the ...
Zeller Insurance Unveils Its New Custom Virtual Insurance Office and Digital Marketing Strategy
Local Indiana-based agency is excited to expand its reach and offer comprehensive insurance solutions to area residents and businesses. (PRWeb September 12, 2014) Read the full story at http://www.prweb.com/releases/2014/09/prweb12162557.htm
Car insurance: where every pound ends up
Here's where all your car insurance premium goes - down to the average £26 spent by whiplash fraudsters on holidays
Car Insurance Discounts from Ohio Companies Added to National Search Tool at Insurer Website
Car insurance discounts are now viewable from Ohio companies for motorists at the Quotes Pros website. The search tool at http://quotespros.com/auto-insurance.html reveals all pricing. (PRWeb August 21, 2014) Read the full story at http://www.prweb.com/releases/car-insurance-discounts/auto-insurance-quote/prweb12113873.htm
General Auto Insurance Locator at Insurer Website Now Promotes High Risk Policy Pricing Online
The general auto insurance locator tool built for use at the Quotes Pros website now features prices of providers specializing in high risk policies at http://quotespros.com/auto-insurance.html . (PRWeb September 05, 2014) Read the full story at http://www.prweb.com/releases/general-auto-insurance/car-insurance-quote/prweb12148963.htm
|
