Basic Car Insurance Policies
I understand that car insurance policies are quite varied, and you need to take some time to understand its features and complex coverage. But, let me breakdown the basic car insurance policies in order to have better and easier comprehension about this safety protection for drivers and vehicle owners.
Let me breakdown car insurance policies into four basic types that are most widely used worldwide namely, liability insurance, medical payments or personal injury protection, collision and comprehensive insurance and uninsured motorist. Liability insurance covers the damages that you have caused after the accident. The amount typically covers the repairs to the vehicle, body injuries, which include the medical bills that the other party has incurred and other damages that you caused to other properties. When the coverage of your liability of insurance is amounted to $50000 and the total of the damages caused amounted to $60000, you need to pay for the excess. Medical payments are made for those who have endured damages after the accident and these can aid you and your family from hospital bills, and can even cover funeral expenses. Collision and comprehensive insurance covers the total amount incurred when you get vehicle repairs after an accident, and of other damages like theft, weather disasters, natural issues and animal disasters. Finally, uninsured motorist is an insurance that protects you when you experience hit and run or an accident caused by an uninsured party. This specifically covers hospital bills and long term sufferings.