The car insurance, protect you from a financial blow in the event of a crash. Also coming to their aid if your car is damaged , is on fire or stolen.
Beyond the financial protection it offers, car insurance is a social responsibility. Those who drive without insurance and without the possibility of paying the damage they cause make the rest of the population in a large financial risk.
This is why many countries require that the driver possesses liability insurance. In some parts for you to drive without insurance should prove sufficient capital to answer for damages in the event of an accident.
Car Insurance - What comprises
A car insurance policy includes six basic types of coverage. Depending on your place of residence, some of these coverings are required and others are optional.
1-liability of injury on the body.
2-in property damage liability
3-medical expenses or protection of wounds or injury.
4-Collision
A 5-Contra Risk
6-car without insurance coverage or with insurance Low
Car Insurance - Liability Insurance
Liability coverage is absolutely essential. Some countries require certain levels of liability insurance because that would be the minimum coverage that pays for the damage you do to others, including injuries to the body and damage to property. It will also pay legal costs if there is an accident.
Injury coverage includes medical bills and lost wages (time lost wages). The coverage of property damage pays for repairs or the cost of replacing property you damage, such as cars or other property that you shock, such as fences or fences. You can also pay for damages as "pain and suffering" (moral damage), if someone demands it to you after the car accident, but only up to certain limits of liability.
Remember, your responsibility does not end at its limits of liability insurance. If damages of $ 65,000 and has a limit of insurance of $ 40,000, you must answer for the other $ 25,000 and can be sued for this. It was recommended to be safe from injury for $ 100,000 per person and $ 300,000 per incident.
Insurance Car - hedges and Everything Collision Risk
If you have an accident, the collision of your policy pays for the repair of their own vehicle. It is considered that your car is "total loss" when repair costs exceed a certain limit of the total value of the order, as 70%. At that time, the insurance company will take the car to a scrap yard and give him the cash value of your car.
To keep your premium costs low , when you buy collision insurance it may increase the deductible to $ 1,000 or $ 2,500. Remember that you will have to pay that amount in your pocket before you have any insurance coverage.
Coverage for All Risk (Comprehensive insurance) pays for the damage of his vehicle that have not been caused by accidents, such as theft, arson, vandalism, natural disasters and hitting an animal. Also coverage for glasses is part of it. If your windshield is broken, the coverage of All Risk saves the day. Just as in the case of a collision, there is a deductible for any claim of any risk.
Car Insurance - Medical Expenses
Medical Expense coverage pays the medical costs of their own and passengers after an accident. This includes accidents while driving his car while driving the car from someone else (with their permission), or injury to you and your family members when they walk. <> The insurer pays no matter who caused the accident, but if someone else is convicted can sue their insurer seeking redress from the other party.
Coverage of Personal Injury Protection pays medical expenses and lost wages paid by you and your passengers injured during the accident. It also covers funeral expenses. This type of insurance is required in some countries.
Is it absolutely necessary for this insurance Personal Injury Protection? If you have a good health insurance and disability insurance, you can pass it or buy the minimum amount required.
Car Insurance - Insurance Carriers Without insurance or under insurance
The uninsured motorist coverage pays the medical bills if you are beaten by someone who does not have insurance or if you are a victim of a ghost driver. This type of insurance is a requirement in many countries.
Similarly, coverage for drivers with low insurance is put into operation when someone causes an accident and did not have enough insurance to cover medical expenses. In this case, the insurance of the person who is to blame pays to the maximum coverage and then pay the rest of the medical bills, to a certain limit. This type of coverage is not needed but in some countries.
The coverage for uninsured driver or Low insurance also covers claims of "pain and moral damage" and in some countries covers damage to property.
Car Insurance - The Extras
Although they seem small luxuries when you're adding to pay the full value of their premium in the event of an accident such additional coverage can save a lot.
Refund in the rental paid for a leased car when his vehicle was damaged or stolen. Look at the limits paid by day and the total amount that you are offering to make sure that you are paying enough for their premium money.
The coverage of Crane and Labor pays the fees and expenses of the mechanic when there is injury on the way.
Coverage Difference (Gap Coverage) of a new vehicle pays the difference between the cash value of the car and the amount owed on your car loan.
Car Insurance - How to Buy Auto Insurance
There are several ways to find the least expensive car insurance policies, including the quotations online and local independent insurance agents. Both can give prices of several companies to compare.
If you have an accident, make sure the company you choose has a good customer service and making the complaint process easier and fairer. In this case, the recommendations of friends and relatives who have had claims can be of much value.
