What are the Types of Car Insurance?
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Drive carefully; it might save your life and other people’s lives too. But sometimes, no matter how careful you drive, you still get into accidents. For instance, a deer might get leap on your path on a dark, rainy night while driving home. If you managed to hit the breaks and only burned the tires then you are lucky. But, if you were not able to have lightning-quick reactions and decided to swerve the car-you may get into a big trouble. You can collide with an oncoming car, you might lose control of the car and fall into a ravine or you might swerve the car and hit a tree in the process. You do not even have to be driving sleepy or drunk for this to happen.
This is where the importance of car insurance comes into play. Car insurance will take car of you in times of accidents. Your State is requiring you to have one because of various and important reasons. First, you will have to make sure that you can pay for any damages or injuries that you have caused in an accident. Second, you need to make sure that you have a back-up if you sustained injuries in an accident.
Your insurance policy will contain different types of coverage. Your State’s law will require that your policy should include Liability Coverage. There are three types of Liability Coverage: Property Damage Liability, Bodily Injury Liability Coverage and Uninsured/Underinsured Motorist Coverage. The first type will cover the cost of damage or replacement for when you cause damage to other people’s properties. The second type will cover the cost of hospital fee if there are people injured in an accident that you caused. The third will be a big help to you if you get into an accident and the driver who caused it has not enough insurance or has no insurance at all. If the driver has no insurance then your insurance company will take care of it and if the driver has insurance but it will not be enough to cover the cost then your insurance company will take car of the rest.
There are other insurance types that you can choose to include in your policy. Collision coverage will cover the cost of repair if you caused an accident. Comprehensive Coverage covers the cost of a “third party”. Third party will include theft, vandalism, flood, tornado, etc. Finally, Medical payments or Personal Injury Protection covers the medical expenses that you sustained whether or not it is your fault.
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