If your car is damaged or destroyed by an accident, fire, theft, or other event, the right auto insurance policy can help get you back on the road quickly . It is also important that your auto insurance policy provide protection against medical and legal expenses resulting from injury, loss of life, or property damage caused by an accident involving your vehicle.
Car insurance is two-fold. First, there is the part of the policy that relates specifically to the car itself. Within this part of the policy you have comprehensive coverage which will reimburse losses due to dangers such as theft or vandalism and collision coverage which will pay to repair the car in the event of an accident. Such coverage is typically mandated by the bank or the company leasing the vehicle. In some states, additional medical, car rental and other coverages are offered.
Secondly, your auto insurance policy also covers personal liability. This section covers the financial responsibilities that result from you injuring someone else in an accident. Most states require that drivers have at least some liability coverage.
- Bodily Injury Liability
- Medical or Personal Injury Protection
- Property Damage Liability
- Uninsured Motorist Coverage
- Classic Car Insurance