subject: Best Car Insurance Coverage For You - Equip Yourself With All the Latest Details [print this page] Cars are a useful method of transportation being used by all. Apart from it, the growth of luxury cars has made it a status symbol also. When it comes to cars, car insurance is another important aspect. In a number of places the state laws have made it mandatory for the public safety.
Car insurance companies offer a policy which is packed with different types of coverage and sell them as their product. Since this is an intangible type of product the only thing which a person can see or feel is the paper in which the description of the policy and coverage is written. The type of coverage which are available in the market are liability, collision, comprehension, PIP, BIL, PDL, medical, uninsured motorist, underinsured motorist, rental reimbursement etc.
Bodily Injury insurance (BIL) and Property damage insurance (PDL) are the part of liability, that is if a customer is liable for any damage done to the third party then the insurance company will pay the damages to the property of the third party and also will pay for the body damage or injury of the third party. In collision coverage the insurance provider will pay for the insurance holder's car damage if it collides with some other vehicle. In comprehension type, it pays for the damages caused due to theft or cyclone or terrorist attack or earthquake etc. In medical benefit all the bills are paid regardless of the fault of the insurance holder.
Uninsured motorist is a special type of coverage according to which if the car insurance holders collide with a third party and the fault is of third party who is not having liability insurance then the damage will be paid. Rental reimbursement coverage pays for a rental car per day if the insurance holder's car gets damaged in any car accident. Sometimes, the coverage also includes the storing cost of a damaged vehicle also.
So, if you are looking to get the right kind of the coverage then just go through all these details carefully and gather more related information and make a right selection.
Best Car Insurance Coverage For You - Equip Yourself With All the Latest Details
By: Alok Kumar
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