The Wrong Type Of Car Insurance Could Well Put You On The Wrong Side Of The Law
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Car insurance provides protection for the policy holder (generally the driver or owner of the vehicle) from monetary loss in the event of a car accident. To benefit from this protection the policy holder will be required to pay a monthly premium which depends upon a number of factors like the age of the driver, the vehicle being insured, the driver’s record and the driver’s location to mention just a few.
There are presently several different types of car insurance to protect the plan holder against costs associated with damage to the car, property damage and bodily harm of all persons involved in an automobile accident. The various different forms of cover include:
Liability cover which will pay for damages to other people or to their property as a consequence of a car accident and that additionally meets any court costs involved. In most states liability cover is the absolute minimum of cover required before you may take a car onto public roads.
Collision cover which will pay for damage caused to your own vehicle during a collision with another vehicle or other object.
Comprehensive cover which is designed to pay for various different forms of damage including theft, fire, vandalism and damage resulting from severe weather.
Medical cover which will pay for medical expenses for injuries sustained in an auto accident.
PIP (Personal Injury Protection) cover which pays for any medical expenses when injury is sustained in a car accident, regardless of who caused the accident.
Uninsured and under-insured cover which provides payment for damages which you sustain when the other driver in a car accident has no insurance.
Each state draws up its own laws governing car insurance and some kinds of car insurance will be mandatory in each state while others are optional. Some states, for instance, only require you to have liability cover while others require you to have personal injury protection insurance cover.
Additionally there are various states which are considered ‘no-fault’ states in which insurance policy holders can recover financial losses from their own insurance company, regardless of who is deemed to be at fault in an auto accident.
Make sure that you have the correct form of car insurance by letting the professionals provide you with a free, no-obligation cheap car insurance quote today.
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