The auto or Car insurance coverage can be different/ vary from state to state or the different country. But if you own a car or any vehicle, you must have some insurance policy. Without that, you can’t get the permit for the vehicle. If the police caught, he/she may give you a ticket, and that may lead you to jail. So it’s very much important to know about the policies before buying one. There are many types of policy’s, If you know about all, you can know about primary coverage, the policy limits, etc., which should help you to choose the right Auto policy for you. Just read this article, you will get all the info you need.
Car Insurance Policy’s & Coverage in details:
The Liability Coverage: This type of policy includes both injury and property damage, caused by the vehicle. This policy is required in most states if you want to have a vehicle. If you cause the accident, or you accidentally hurt someone or damage someone’s property by your car, the policy will pay for covered damages and to defend you against a lawsuit.
Comprehensive Coverage: The Comprehensive coverage type policy will help you to pay for damage to your car that is not caused by accident. Like vandalism, theft, hitting a kangaroo, deer or other animals, storms and certain natural disasters will be covered by this policy.
Collision Coverage: The Collision coverage type policy will help pay for the damage and replacement car body and parts for your vehicle if your vehicle hits another object or another vehicle. Or maybe it gets affected by another vehicle. This coverage is required if your vehicle is financed or leased. Dose, not cover- Flood, Fire, Storms, Natural disasters, Theft, Vandalism, Hitting or being hit by an animal, Hail, Falling or flying objects.
Personal Injury Protection: This type of policy (PIP) also named as no-fault insurance. This policy is not selling in states. The policy provides the money for your medical expenses. And in some severe cases, the lost wages and other damages not considering of who is at fault in that accident.
Uninsured/Underinsured Motorist Coverage: This policy will help you to pay for damages and the medical costs resulting from an accident caused by another person who has no insurance policy.
Medical Payments Coverage: This policy will help you to pay for covered medical bill/expenses for anyone injured while you are in your vehicle. It does not matter how the accident caused, who’s fault that was, if you been an accident, this policy will cover the damages.
New Car Replacement: As the name suggests, this policy gives you the extra coverage for your car in the replacement time. If you buy this policy for five years, this policy will pay to replace your car with a brand new same car. That means same model and same brand.
Loan/Lease Gap Insurance: The Gap insurance or loan/lease insurance should help you if your vehicle is financed or leased. Due to loan gap, if your vehicle is taken by the finance company, this coverage will pay for the car. There are several terms and conditions of this policy. Read them all.
Rental Coverage: This policy will cover the following things- The extended transportation expenses coverage or Rental reimbursement. The plan will pay for a rental car if your vehicle is damaged in the accident and down for more than 24 hours.
Roadside Assistance: This policy has some better effect if you have always driven your way for your every destination. This policy will cover the vehicle repair or another type of assistance, within your sum assured money.
Accident Forgiveness: The drivers are always concerned about the accidents on the road. No matter it is caused by him or others, an accident or violation down the road has some possible effect on the people. This policy covers for some accident forgiveness and security against minor violation forgiveness too.
Ride Sharing: This policy is for Illinois, and Colorado states only. This policy will help to protect the driver, who drives for transportation network companies.
For other insurance needs, contact us or read these further articles.