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.
When do you need to buy car rental insurance?
Relying on credit card benefits for insurance when renting a car could end up costing you if you?re unaware of these common situations that aren?t covered.
Insurers thank competition panel for taking on car makers
Chennai, Sep 1 (IANS) Officials of non-life insurance companies have welcomed the orders of Competition Commission of India (CCI) slapping a heavy fine on 14 car makers indulging in restrictive practices which cost the insurers and vehicle owners heavily. "If more independent repairers come into the market and the component makers are able to sell to them at more competitive prices then it is ...
8th Sep 2001, 17:33
Yeah! I just bought mine (KH non turbo). I just think the comfort level should be 6 or 7 out of 10 however, can't complaint cos it's a sports car and. It's fast alright but mine needs a few mods.
Anatomy of a robbery: St. Helena Police analyze last week's Rolex heist
ST. HELENA -- There have been no arrests in connection with the Sept. 3 armed robbery at David?s Jewelers, which led to a manhunt that put St. Helena schools on lockdown.
Online Auto Insurance Database Now Showcases State Minimum Coverage Rates for Drivers
Online auto insurance database is now showcasing the minimum coverage options for drivers at the Quotes Pros website. Rates can be reviewed or compared at http://quotespros.com/auto-insurance.html . (PRWeb August 14, 2014) Read the full story at http://www.prweb.com/releases/online-auto-insurance/car-insurance-quotes/prweb12097468.htm
Auto Insurance Discounts for Ohio Drivers Added to Nationwide Search Tool Online
Ohio drivers can now find auto insurance discounts using the Quotes Pros website for research at http://quotespros.com/auto-insurance.html . (PRWeb August 23, 2014) Read the full story at http://www.prweb.com/releases/car-insurance-discounts/auto-insurance-ohio/prweb12117078.htm
Direct Auto Insurance Rates Now Supplied to Motorists Nationally at Insurer Portal Online
Direct auto insurance rates are now part of information that is viewable while using the finder tool at the Auto Pros website at http://autoprosusa.com/auto-insurance . (PRWeb August 27, 2014) Read the full story at http://www.prweb.com/releases/direct-auto-insurance/car-insurance-prices/prweb12127223.htm
If a Self-Driving Car Gets in an Accident, Who Is Liable?
On first contact with the idea that robots should be extended legal personhood, it sounds crazy. Robots aren't people ! And that is true. But the concept of legal personhood is less about what is or is not a flesh-and-blood person and who/what is or is not able to be hauled into court. And if we want to have robots do more things for us, like drive us around or deliver us things, we might need ...
Windows to New Worlds
After 17 years of planning, fundraising, designing and building, the South Carolina State Museum?s new Windows To New Worlds project officially opens on Aug. 16. It includes a planetarium, 4D theater, observatory and an exciting and collaborative approach to education that can reach every school and give every student a chance to reach for the stars.
Ways to Waste Your Money - Slide Show
These dates are just manufacturers' best guess of when food is at peak quality and are not related to safety, according to Emily M. Broad Leib, director of the Harvard Law School Food Law and Policy Clinic. To learn more, see Confusing Packages Lead to Wasted Food, Money. Paying Checking Account Fees Yes, it is getting harder to find a free checking account with no strings attached. Community ...