Car insurance is insurance for automobiles, trucks, motorcycles, and virtually any road vehicle. Its main function is to offer financial protection against bodily injury or property damage resulting from road accidents and/or from liability which may also arise from accidents in a car. Car insurance can be purchased on a policy for a specific amount of time (the insurance policy), or it may be a lifelong contract. The main types of car insurance are comprehensive, collision, uninsured motorist, personal injury protection, medical payments, comprehensive, and collision. You may find more details about this at click for more info
Car Insurance is a complex decision that must be made by an individual with knowledge and understanding of all the different factors involved. This decision involves the determination of the amount of coverage required by you and the amount which you will accept as a deductible when you file a claim against our company. The deductible is the amount you agree to pay up front before your auto insurance coverage kicks in to pay for the expenses that arise out of a claim that you have filed. You do not want to pay too much money upfront if it means that you will have to absorb the rest of the loss yourself or have to take out another policy to pay for damage to another vehicle or person etc.
Collision insurance covers the expenses which arise out of a vehicular accident, irrespective of who is at fault in such an accident. The only exception to this type of insurance is if the insured is under the age of 25, or if the insured is driving a car that is over 10 years old when the accident occurs. In such cases, the minimum coverage provided under this policy is called the “per accident” insurance. If the car accident is a result of a negligent act on the part of the driver of the other vehicle, then the liable party may be required to pay punitive damages in addition to the actual cost of repair to the automobile involved in the accident.