Why You Need a Comprehensive Insurance Coverage
Why You Need a Comprehensive Insurance Coverage
Automobile insurance may be the most widely owned type of insurance in the United States. Nearly every driver has an insurance coverage for times when the driver is operating an automobile, either in his or her own name or on the policy of another person, such as a parent or an employer. State statutes require that a driver either have liability insurance or provide self-insurance adequate to cover potential liability that the driver may incur.
The minimum coverage any driver should have is for liability and property damage. Different company car insurance may offer different insurance coverage. The basic coverage protects the driver in the event that he or she causes harm to the person or property of another. That is, if the driver is at fault in an accident, the insurance coverage at least up to the policy limits will indemnify the driver if he or she is sued by the injured party.
Each state has different requirements for auto insurance coverage and it is quite important to know what your state requires to ensure proper protection. Most states however, require a minimum amount of liability and property damage coverage. For example, California requires a minimum coverage of $15,000 per person and $30,000 per accident in personal liability, and $5,000 per accident in property damage coverage; a person who is involved in an accident and does not have this minimum coverage must post a $35,000 bond or deposit in order to continue operating an automobile on California highways.
Here are Alabama's required coverage amounts and the most common preferred amounts for maximum protection:
Coverage: Bodily Injury Liability
State Requirement: 20,000/40,000
Most Common: 100,000/300,000
Coverage: Property Damage Liability
State Requirement: 10,000
Most Common: 50,000
Coverage: Uninsured Motorist Bodily Injury
State Requirement: Not Required
Most Common: 20,000/40,000
Coverage: Medical Payments
State Requirements: Not Required
Most Common: 2,000
Coverage: Collision
State Requirements: Not Required
Most Common: 500 Deductible
Coverage: Comprehensive
State Requirements: Not Required
Most Common: 0 Deductible
http://www.articlesbase.com/insurance-articles/why-you-need-a-comprehensive-insurance-coverage-2767592.html Exploring Various Insurance Types Why is tuition insurance important? How to Calculate the Appropriate Amount of Tuition Insurance Affordable Motor Insurance For Everybody Manchester Utd - Liverpool Live Stream Online Fa Cup Hd Tv Coverage Manchester United Vs Liverpool Online Live Fa Cup Stream Hd Tv Coverage A Basic Understanding Of E&O Insurance Essential Ideas - Finding Cheap Van Insurance Do You Have Affordable Coverage When You Need It The Most? Honda Motorbike Insurance - Avoid the Migraines Suzuki Motorbike Insurance - A Bullet List of Reasons For Your Rates Yamaha Motorbike Insurance Harley Motorbike Insurance - Better Than a Gremlin Bell