Having The Wrong Form Of Car Insurance Could Well Land You In Jail
Car insurance provides protection for the policy holder (usually the owner of the vehicle) from monetary loss as a result of a car accident. To receive this protection the plan holder pays a regular premium which varies according to a wide variety of factors such as the driver’s age, the type of vehicle, the driver’s history and the driver’s location to mention just a few.
There are various different forms of car insurance to protect the plan holder from costs arising out of damage to the vehicle, property damage and injury to persons involved in an automobile accident. The various different forms of car insurance cover include:
Liability cover which will pay for damages to others or to their property as a consequence of an auto accident and that also meets any court costs involved. In the majority of states liability cover is the bare minimum of cover required before you can drive a car on public roads.
Collision cover which will pay for damage caused to your car during a collision with another vehicle or object.
Comprehensive cover which is designed to pay for various different forms of damage including theft, fire, malicious mischief and damage resulting from severe weather.
Medical cover which provides payment for medical expenses associated with injuries resulting from a car accident.
PIP (Personal Injury Protection) cover which provides payment for any medical expenses when an injury is sustained during an accident, regardless of who is responsible for the accident.
Uninsured and under-insured cover which provides payment for any damages which you sustain when the other driver in an accident is uninsured.
Each state draws up its own rules governing car insurance and some forms of insurance will be mandatory in each state while others are optional. Some states, for example, only require you to have liability cover while other states insist upon personal injury protection insurance cover.
Additionally there are several states that are referred to as ‘no-fault’ states in which insurance policy holders are able to recover financial losses from their own insurer, irrespective of who is deemed to be at fault in an automobile accident.
Ensure that you have the right type of car insurance by letting the experts give you a free, no-obligation cheap car insurance quote today.
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