Having The Wrong Form Of Car Insurance May Get You Into Serious Trouble
Car insurance provides protection for the policy holder (normally the owner or driver of the vehicle) from monetary loss as a result of a car accident. For this protection the policy holder has to pay a monthly premium which depends upon a wide variety of factors such as the driver’s age, the type of vehicle, the driver’s record and the driver’s location to mention just a few.
There are a number of different forms of car insurance to protect the policy holder against costs arising out of damage to the vehicle, property damage and injury to persons involved in a vehicular accident. The different forms of insurance cover include:
Liability cover which will pay for damages to other people or to their property as a result of a car accident and which additionally meets any court costs involved. In most states this is the absolute minimum required before you may drive an automobile on public roads.
Collision cover which provides payment for damage caused to your own car in a collision with another car or object.
Comprehensive cover which will pay for several types of damage including theft, fire, malicious mischief and damage resulting from severe weather.
Medical cover which pays for any medical expenses associated with injuries resulting from an automobile accident.
PIP (Personal Injury Protection) cover which will pay for medical expenses when injury is sustained in an automobile accident, regardless of who is responsible for the accident.
Uninsured and under-insured cover which will pay for damages sustained to you in the event that the other driver involved in an auto accident does not carry sufficient insurance cover.
Every state draws up its own laws governing car insurance and some kinds of car insurance are mandatory in a particular state while others are purely optional. Some states, for instance, only require you to carry liability insurance while other states require you to have personal injury protection insurance cover.
Additionally there are a number of states that are considered ‘no-fault’ states in which policy holders can recover financial losses from their own insurer, regardless of who is deemed to be at fault in an accident.
Make sure 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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