subject: Insurance For Vehicles [print this page] More and more cars are on the road every day with drivers young, old, and everywhere in between using their vehicles for many purposes. Some use them as a way to get to and from work or school, some run errands, and some use their vehicles for work itself. Regardless, auto insurance is a requirement in nearly every state, and even if not, auto insurance is a good thing to have to protect from the costs of repairing damage caused by your vehicle.
Auto insurance is a very adaptable insurance policy made to fit nearly any vehicle on the road. Auto insurance comes in several different forms that offer different amounts of protection from different damages. The basic type of auto insurance is liability auto insurance. Liability auto insurance covers both the costs of bodily injury and property damage caused by a vehicle. Liability auto insurance coverage can be expressed as combined single limit coverage and split limit coverage. Combined limit liability auto insurance coverage has a coverage limit expressed as a single number. Split limit liability auto insurance coverage has property damage, bodily injury for one, and total bodily injury coverage listed separately on the auto insurance policy. Liability auto insurance coveragecan be increased over the minimum requirements for an increase in auto insurance premiums. Proof of minimum liability auto insurance is usually required to obtain a drivers license.
To upgrade insurance for increased protection, full coverage auto insurance can be purchased. Full coverage auto insurance is made up of liability auto insurance coverage, collision auto insurance coverage, and comprehensive auto insurance coverage. Collision auto insurance coverage pays to repair a vehicle damaged in a collision or pays the cash value of the vehicle if the vehicle cannot be repaired. When paying for a vehicle through a loan or other financing, collision auto insurance coverage is usually required so that the loan can be paid off. Comprehensive auto insurance coverage is customizable auto insurance coverage that protects from damage caused by something other than a collision. Damage from fire, theft, weather, and other causes can be covered under comprehensive auto insurance coverage, which, along with collision auto insurance coverage, is subject to a deductible.
There are other auto insurance riders that can be attached to an auto insurance policy. Uninsured and underinsured motorist auto insurance coverage has been more important, since some studies show that up to 1 out of 3 drivers does not carry enough auto insurance coverage to pay for damages caused in a collision, or has no auto insurance at all. Loss of use auto insurance is also good to have since it reimburses drivers for the cost of a rental vehicle while their vehicles is being repaired due to damages covered in their auto insurance policy.
Shopping for the best auto insurance can take quite a bit of time since there are so many places to find auto insurance. However, by contacting an independent insurance agency, much of the work of shopping for auto insurance can be handled by an independent insurance agent. They can shop around with their affiliated insurance providers to find the most cost effective auto insurance for your vehicle.
About Board Walk Insurance: Boardwalk Insurance Group is licensed to write auto insurance policies in over half the United States and has many other insurance solutions available through its affiliated insurance providers. For More Details visit https://www.boardwalkinsurance.com
by: Mathew Hussey
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