subject: Auto Insurance: Know About It [print this page] Auto insurance: know about it is about a car insurance package that is bought by an automobile owner to protect and secure possible expense when there is an accident with the vehicle or people and property in the vehicle during the time of the accident.
Property Damage Liability
that is focused on property damage by the vehicle during the said accident. It also added with other walls, fence, house, gates that the vehicle will have collided with during the accident. The amount is streamline with what the individual paid during the registration.
Injury to the body this insurance covers - bodily injury and the demise of anyone the vehicle owner has responsibility for. This covers those that were standing by and be knocked down or people in the vehicle when it had the accident. This insurance does not cover the damages to vehicle just the people that were killed or knocked down by the vehicle will the accident takes place.
It also does not cover the any one the vehicle owner as placed in the policy or him is not covered.
A claim in bodily injury covers pain and suffering, medical bills, lose of livelihood which the car owner has inconvenience the third party. The cover will or may cover all lawsuits which had been filed against the vehicle owner.
The reason this is necessary is that the suits might be detrimental to someones assets. Its also mandatory because when the coverage is minimal it will necessitate the individual to liquidate all assets to pay for the amount not covered in the policy.
Many companies went for such insurance since the injury to the body does not include damages to the vehicle. It helps them spread such liabilities.
Comprehensive Cover:
This insurance covers everything about the vehicle, it cover damages to the automobile and everything that happen to the vehicle like theft, vandelisation, fire, by natural acts , stray animals and more. Most vehicles till under loans are required to carry this type of insurance. It covers everything regarding the vehicle that may come under the sun.
