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.
|
Detroit Has Most Expensive Car Insurance, Charlotte Has Cheapest
SAN FRANCISCO, Sept. 11, 2014 /PRNewswire/ -- Detroit has the most expensive car insurance and Charlotte has the cheapest, according to a new insuranceQuotes.com examination of average premiums in the ...
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 ...
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
Full Coverage Car Insurance by State Agencies Now Quoted for American Motorists Online
Full coverage car insurance is now included from state agencies in the database at the Quotes Pros website. Instant quotes are available at http://quotespros.com/auto-insurance.html . (PRWeb August 23, 2014) Read the full story at http://www.prweb.com/releases/full-coverage-car/insurance-quotes-rates-us/prweb12117060.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
Cheapest Car Insurance for 2014 Added to National Quotation System Online
The cheapest car insurance for 2014 is now searchable using the system built for drivers at the Quotes Pros website at http://quotespros.com/auto-insurance.html . (PRWeb August 18, 2014) Read the full story at http://www.prweb.com/releases/cheapest-car-insurance/auto-insurance-prices/prweb12102645.htm
Screentrade Car Insurance Makes a Comeback
Devitt Insurance Services has gone live with its Screentrade car insurance offering, as the latest development in its relaunch of the brand. The product is now live and quoting on the Confused panel, with other aggregators to follow. (PRWeb August 18, 2014) Read the full story at http://www.prweb.com/releases/2014/08/prweb12098590.htm
How to Compare Auto Insurance: New Website Provides Virtual Tool for Car Owners Online
Adults can learn how to compare auto insurance using the new tool built for use at the Quotes Pros website. This tool offers a virtual platform for price data at http://quotespros.com/auto-insurance.html . (PRWeb August 20, 2014) Read the full story at http://www.prweb.com/releases/compare-auto-insurance/car-insurance-quotes/prweb12109426.htm
Car Repair Warranty Finder Now Open for Use at Insurer Portal Online
A car repair warranty finder tool is now open for owners of motor vehicles to use at the Quotes Pros website at http://quotespros.com/warranty . (PRWeb September 03, 2014) Read the full story at http://www.prweb.com/releases/car-repair-warranty/auto-warranty-insurance/prweb12142622.htm
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
|
