Archive for the ‘types of insurance’ tag
What Types Are Out There? 2
There are a number of other types of insurance all drivers should be aware of, beginning with comprehensive coverage. This coverage will pay if your car gets damaged or even totaled in a fire or due to a theft. Sometimes this type of coverage is required if you finance your car.
Rental reimbursement will reimburse a specified amount of money each day, or any transportation costs while your vehicle is undergoing a repair after an accident.
Protection from an uninsured or underinsured motorist insurance is just what the name suggests. Both you and your passengers, as well as anyone who is authorized to drive your vehicle, will be protected.
Towing and labor coverage will cover a particular amount of money for labor charges if your vehicle breaks down; it does not matter whether an accident occurred.
What Types Are Out There? 1
A lot of people are not aware of the types of car insurance available out there. However, you know to know what your options are when looking for a new policy, so let’s take a look at some of those lesser known types of coverage.
To begin with, there is bodily injury coverage. In the majority of states, this type of coverage is mandatory. It is used to pay for lost wages, medical bills, medical treatment, and even funeral costs — for anyone who gets harmed in a crash.
Property damage liability coverage can pay for any repairs or replacements of vehicles or property when an accident occurs.
With medical payments coverage, medical expenses can be paid if they go over what is covered by your personal insurance protection.
Personal injury projection will also pay medical expenses, along with a percentage of any wages lost for you or any person who is authorized to drive your vehicle.