subject: Type of Car Insurance and How to Buy [print this page] Type of Car Insurance and How to Buy
The bad side is that you will pay a substantial amount of money to the company, yet if you are the kind of a driver who is extra careful and have not experienced any accidents, of course something you will never desire to experience, or never made a claim over the term of the insurance, you feel like your many just went away. Yet if you stumble on a crash or any accident, then the insurance payments you have been shedding off from your income over the years will finally pay off. Getting insured gives you the assurance that anytime of the day you don't have to worry about possible financial troubles when unexpected accidents occur. However it is important that before you buy any insurance you have to check the minimum insurance coverage dictated by your local laws. Afterwards it's up to you now if you want to add additional coverage. Here are some of the common types of insurance coverage you may want to consider.
1. Bodily Injury. This is a common and minimum requirement mandated by law across states. If you are in an accident this will be the amount the insurance will pay to person you are in an accident with, in case of injury or death. However when the expenses incurred by the injured person go beyond the coverage of the policy, then you will have to shoulder the excess amount. Bodily injury liability covers other people's injury or death caused by you. Whether this is required by law or not it is always good to have this insurance.
2. Underinsured/Uninsured Motorist. This will cover the expenses similar to the bodily injury liability, when somebody or a motorist accidentally hits you and who is not insured or whose coverage is not enough to shoulder your medical expenses. Often times this covers for you, other insured member as listed and other passengers for personal injury, death or medical expenditures caused by an uninsured/underinsured motorist or in cases of a hit-and-run.
3. Med Pay. Coverage shoulders specific amount of medical expenses when you experienced accident. This covers you and your passengers' medical payments. This is very helpful most especially when you don't have personal health or medical insurance. This kind of insurance can be use with out being particular to whether who is at fault.
4. Rental Car. If your car is not available for use since it is under repair in a shop due to accident, this kind of insurance will pay for your car rentals. It is very convenient since you need not to worry about commuting or how to go back and forth to the places you need to go.
5. Towing. This covers any road side assistance expenses such as payment for towing services when you car malfunctioned along the way.
Other kinds of assurance services include comprehensive coverage, sometimes called as "other than collision". This means when your car is damaged or lost due to circumstances other that collision, such as natural calamities, defacement, and robbery. Other insurances also offer Collision coverage which will pay for the repair of your car if you hit something or you are hit by another car or object.
Many people disregard the importance of car insurance, but once they are into an accident they become conscious about the high cost of paying the necessary expenses. It is therefore important if one can afford to have a full coverage, though always bear in mind that there is no such insurance that covers entirely everything. This only means that you have at least the minimum government requirement plus comprehensive and collision coverage.
The introduction of internet, made it easy to find a good and affordable insurance company. You can just stay at home, search for the various insurance company and start comparing their services and corresponding costs. Sometimes the government agency responsible for issuing car and driver licenses can also provide you with reputable and accredited lists of car insurance company.
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