subject: Basic Types Of Auto Insurance Coverage [print this page] Basic Types Of Auto Insurance Coverage Basic Types Of Auto Insurance Coverage
Whenever you go for purchasing a vehicle, whether it is new or second hand, it is very important to plan for the insurance coverage of your vehicle. The vehicle you purchase should have the necessary auto insurance coverage that would be very beneficial in case of any uncertain event. In any sudden case, auto insurance can help you out and having a backup is very important these days where accident cases are increasing day by day. The auto insurance can be distinguished in three basic types i.e. liability coverage type, physical harm coverage type and the last one is uninsured motorist coverage. Each one of them has different facilities and has its own importance. Sometimes, these all come under one auto insurance plan and it is purely dependent on people whether they go for the combined package or want any plan individually. All three of them provide varying quotes dependent upon the state criteria as some states provide all the three under same plan while there are some states also which are a bit different. First one is termed as liability coverage. It is one of the most common types of auto insurance coverage. This plan is liable for the coverage of all body injuries and property damage caused to the other person who along with you is involved in the accident. This auto insurance plan is liable to cover all medical expenses of the other person. Moreover, if in case, any case is filed against you, the cost will be included in the coverage plan. It also covers the damage caused on the property i.e. vehicles, gates and any other property loss.
The second type of auto insurance is to help us secure our vehicles and provides coverage for physical damage. There are two subdivisions of physical damage, comprehensive and collision. The comprehensive auto insurance is liable for covering the damages other than caused by an accident. It provides aid in case of robbery, any natural disaster or any such event. On the other hand, the collision plan covers the damage caused on your car too.
Now, the last auto insurance coverage is uninsured motorist coverage. This plan is liable for covering you and your family members from any damage caused by an uninsured motorist. This plan is liable to cover all your expenses on property damages, your vehicle, or any other damage. All the three auto insurance coverage plans with their basic definitions are in your mind now. You have to plan out for the one which is most suitable for you considering various factors for example, living conditions, type of vehicle etc.
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