One thing that you need to know is that the law requires every vehicle on the road to have insurance. You find that every state in America has its own minimum required amount that one has to buy and some states do not need one to have auto insurance. One thing that you need to know is that auto insurance has a number of policies that cover you in their own unique way. In case you want to get the right amount for the policies, you should request for a personal auto quote. Keep reading to learn more about different types of policies.
One of the policies is liability insurance. Commonly known as third party insurance which will cover you when you hurt someone or damage their property. The money will be given to the third party to cover for hospital bills, any legal fees, and settlements. The other thing is that it is subdivided into two that is property damage liability and bodily damage liability. One thing that you need to know is that liability insurance does not cover for people inside your car.
Apart from that, we have personal injury protection. This will cover all the medical expenses incurred after an accident whether you were at fault or not. In addition, it also covers for the medical bill of anyone who was in your car by the time of the accident. It is also referred to as no-fault insurance.
In addition, we have collision insurance. This will help in covering your car against any damages from an accident regardless of who was at fault. You find that at times the at-fault insurance takes a long time to repair the damaged cars or replace them and if you have your own safety net then you will be bothered by them.
Besides, there is also uninsured or underinsured motorist coverage. There are some cases where you can get in an accident with a car that has no insurance coverage. One good thing with this policy is that it will fully cover and compensate you when you get hit by an uninsured or underinsured driver. This will cover your medical bills, lost wages, among others depending on the insurance company. In case you have health insurance and collision insurance, you can choose not to have this policy.
To sum up, let us look at comprehensive insurance. It is essential to note that not all the damages to your car can be as a result of collision or accident. Have you witnessed people losing their cars to vandalism. It is essential to note that comprehensive insurance will protect your car against non-accident damages such as theft, vandalism or weather.