Car insurance can help
protect you and your money which you invest. I think it is a smart
planning that can helps protect you from unexpected expenses. Just
think car insurance is as part of your total financial plan. Auto
insurance does a lot more than pay for repair or replacement of a
damaged or stolen vehicle.
Safeguard of the car
where you invest.
After an accident it can
help to pay medical bills.
Pays to fix or replace
your car if it’s damaged by a covered loss—but not including
collision.
If you are in an accident with an uninsured or under insured driver, then your car
insurance helps you.
Pay for damage repairs
due to theft or natural disasters.
There are many types of
car insurance. Mainly it's divide in two.
1. Liability Insurance:
In the event that you are in a car accident and the police decide it
is your fault, liability insurance covers the cost of repairing any
property damaged in the crash (such as cars or buildings), as well as
the medical bills from resulting injuries.
2. Collision Coverage:
This type of policy will cover all damage of your car above the
certain amount .
3. Comprehensive
Coverage: Comprehensive coverage cover your car from non accident
related damage. If your car were to catch fire, theft, sustain water
damage, or be crushed in an earth quake,an animal collision, your
insurer will handle just about any situation that comes up.
4. Medical coverage or
Personal injury protection: PIP cover those injured in your
including you. No matter who is at fault. It is best for them who do
not have the health insurance.
5. Unsecured and Under secured Bodily Injury: This type of insurance covers you and
any passengers from the costs associated with any injury or health.
6. No Fault Insurance
7. Gap Insurance
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