Car Insurance Basic Policies

 

 

When you have a car, you are facing the possibility of an accident that might damage your car. And if it already happened, your car insurance policy will save you in terms of financial support. The car insurance company will cover the expenses of car repair or even replace it with another car if the damage is non repairable. Some basic things you might need to know before you are going to purchase an insurance policy are medical coverage, comprehensive coverage, collision coverage, liabilities policy, and motorist coverage.

The most expensive coverage you are going to purchase is collision coverage. In this coverage, the insurance company will focus on the collision damages in your car. Medical coverage will cover the medical bill for you. This coverage can be considered as a health insurance policy ( it includes personal injury protection, child care, and funeral costs. Comprehensive coverage is related to natural reasons or disasters like vandalism, theft, or animal attacks. This coverage is also important because not all damages are coming from accidents.

The liabilities policy covers any third party involved in an accident ( property like walls or traffic signs that has been damaged, other people injured ). This policy is the complete basis of car insurance. Motorist coverage covers uninsured and under insured motorist protection. An uninsured driver did not have any insurance or had insurance that did not meet minimum liability requirements, or whose insurance company denied their claim or was not financially able to pay it. An uninsured driver can be a hit and run driver. An under insured driver is a person who meets minimum legal financial responsibility requirements but did not have payment limits high enough to cover the damage he caused.

All of these basic policies are important to protect your financial security in times of accidents.