subject: What Is The Best Car Insurance Policy [print this page] Selecting the best car insurance policy takes a matter of self-evaluation and lifestyle check. The best insurance policy depends on your average cash flow, activities, and itinerary.
Personal Injury Protection (PIP) and Comprehensive insurance policy
If you are a salesman doing fieldwork, you might consider availing of a Personal Injury Protection (PIP) and comprehensive insurance policy.
The PIP policy helps you obtain immediate medical coverage regardless of who is at fault in the accident. It is also referred to as No-fault insurance coverage. In this policy, each driver's own insurer will pay for the injuries and lost wages. However, the coverage will up to a certain amount only.
Also, PIP coverage does not include compensation for emotional loss. One good thing on PIP is that it allows you to pursue a lawsuit and have the other driver pay your losses that is above PIP benefits.
On the other hand, Comprehensive insurance policy allows you to receive compensation in case of theft, fire, or other misfortunes.
These two provide a reasonable insurance coverage for your busy lifestyle and demanding work pace.
Uninsured Motorist Coverage (UM) and Collision insurance policy
If the car is a gift from your loved one, and you use it primarily to commute to and fro school or office; an Uninsured Motorist Coverage (UM) and Collision insurance policy can fit your steady lifestyle.
Uninsured motorist coverage allows you to receive compensation for your bodily injury for up to a certain amount. If the other driver caused the accident, but he/she has insufficient or no insurance to cover your injuries, your own insurer will pay your medical expenses up to a limit.
However, this type of insurance only pays for bodily injury and will not cover property damage.
On the other hand, the Collision insurance policy provides you with property damage coverage caused by vehicular crash.
These two types of insurance policies will help you receive bodily injury and property damage coverage.
If your insurer refuses to provide coverage for your injuries or losses, you can assert legal action. Consult with a Car accident attorney in Los Angeles to help you file an insurance claim and determine the settlement amount. If matters become worse, you can consult with a Personal Injury attorney in Los Angeles to help pursue a formal lawsuit.
by: Hazel Crizaldo
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