Accidents are more common and it happens every day in all countries. Accidents depends on driver of the vehicle, vehicle condition, roads and traffic rules. When it happens, injuries may be severe and property damage also high. No one can predict the future. The only solution for the accidents is self care and insurance. You should prepare with auto insurance for the vehicles in your household. Auto insurance not only save you, it also saves co-passengers in your vehicle and others. So auto insurance also protecting others involving in your vehicle accident.
Auto insurance is a contract/agreement between the user and insurance company. Auto insurance is most useful for all vehicles. It protects insurance people against financial loss if they have an accident. To get the insurance, you agree to pay the premium and the insurance company agrees to pay your losses as defined in your insurance policy. An insurance premium is the amount of money that you pay to your insurance company for a certain policy. The premium amount vary by type of coverage.
Most auto insurance policies are valid for six months to a year. You need to renewal your policy before it expires. Generally insurance company will notify you by email or phone number when it’s time to renew the policy and to pay your premium.
With auto insurance you will get property, liability and medical coverage. An auto insurance policy can be made up of six different kinds of coverage. But you don't need all these, only require some.
Liability coverage : It pays for your legal responsibility to others for bodily injury or property damage.
Property coverage : It pays for damage to your vehicle or theft of your vehicle.
Medical coverage : It pays for the cost of treating injuries, rehabilitation and sometimes lost wages and funeral expenses.
Auto insurance is a contract/agreement between the user and insurance company. Auto insurance is most useful for all vehicles. It protects insurance people against financial loss if they have an accident. To get the insurance, you agree to pay the premium and the insurance company agrees to pay your losses as defined in your insurance policy. An insurance premium is the amount of money that you pay to your insurance company for a certain policy. The premium amount vary by type of coverage.
Most auto insurance policies are valid for six months to a year. You need to renewal your policy before it expires. Generally insurance company will notify you by email or phone number when it’s time to renew the policy and to pay your premium.
With auto insurance you will get property, liability and medical coverage. An auto insurance policy can be made up of six different kinds of coverage. But you don't need all these, only require some.
Main three different types of coverage's that providing insurance company :
Liability coverage : It pays for your legal responsibility to others for bodily injury or property damage.
Property coverage : It pays for damage to your vehicle or theft of your vehicle.
Medical coverage : It pays for the cost of treating injuries, rehabilitation and sometimes lost wages and funeral expenses.