123ArticleOnline Logo
Welcome to 123ArticleOnline.com!

ALL >> Business >> View Article

The Types Of Car Insurance Coverage Explained

By Author: jonamuen123
Total Articles: 121

So you have bought your very first family car; have you thought about the insurance policy for your car? Have you decided what kind of coverage you require for your car? The first thing that car owners must know is that they have to have some kind of minimal insurance to be able to drive on the road legally. Without this insurance, they can be fined and/or penalized.
Choosing the Right Insurance Policy
Selecting and purchasing car insurance policy is no easy task. It is not like shopping and simply choosing; if you are not an insurance professional, then chances are that you wouldn’t understand half the things that the insurance seller will be throwing at you. It is at such moments, that consumers often make wrong decisions and get stuck with an insurance policy that they don’t require and cannot pay for.
So, here is a brief run-down of different insurance policies that you can purchase for your car.
• Third-Party Liability Insurance Coverage
Liability only insurance is the simplest policy and the minimal policy that you must purchase to be legally able to drive your car. This insurance is going to cover you in case of car accident that resulted due to your fault. The property and the people that get injured through your car and your driving will be taken care of through this insurance policy. Any legal claims that the third party might make against you will also be covered through this coverage.

• Car Collision Coverage
This kind of insurance coverage is going to take care of any damage that comes to your car due to a collision. The insurance policy will pay for the repair of your car and if the repair exceeds the actual cost/value of the car, like in the case of car being totaled, then the coverage will pay money which is equivalent to the value of the car. This policy is good for consumers who own an expensive car.

• Personal Injury Protection Coverage
Personal Injury Protection, or PIP, is not necessary, but it is something that a car owner must purchase. Car accidents and the injuries resulting from it are constantly on the rise and in case of an accident, the costs soon start to accumulate. Having PIP coverage will take care of most of your medical bills and those of the passengers present in your car at the time of accident.

• Underinsured Motorist Protection Coverage
Although having minimum car insurance is mandatory, not everyone follows this rule. Therefore if you end up in an accident with such a motorist, then you won’t be receiving any payment; instead your insurance policy is going to take care of all payments related to repair of the car.

• Comprehensive Coverage
Comprehensive coverage, covers most every kind of damage coming to your car. For example, your car can get stolen, robbed or damaged due to natural calamity. Who are you going to blame at such a time and to whom are you going to send your bills. This car insurance policy will cover the damage coming to your car in such situations.


Find more information relating to MoneySite Compare Car Insurance, and money here.

Total Views: 62Word Count: 524See All articles From Author

Business Articles

1. Why Video Transfers Have Become So Essential At Present?
Author: alphadvdcreations

2. Video Transfer Method To Keepyourfavourites For Life
Author: alphadvdcreations

3. How Compact Lube Trucks Can Increase Industrial Maintenance Capabilities
Author: Scott Lee

4. 5 Tips To Get Your Construction Business Visible In Canada
Author: Rick Greoneveld

5. Why Retailers Need Ecommerce Product Catalog Management?
Author: Liza Zeimer

6. Cutlery For Wedding Should Have A Smooth Reflection And Smooth Edges!
Author: Dean Lance

7. Htc Screen Repair And Replacement In Uk
Author: Rosie Grace

8. Cutlery For Wedding Made From Copper Is Always Safe On The Use!
Author: Dean Lance

9. Floor Lamps South Africa Is Safe And Extremely Beneficial On The Use!
Author: Dean Lance

10. Stem Floor Lamp Is Designed To Produce Perfect Accent Of Lighting For Your Home!
Author: Dean Lance

11. To Be Appropriate For Benefiting Instant Cash For Me
Author: Jack martin

12. Opportunities For The Global Waterproofing Admixture Market To Reach $4.5 Billion By 2023
Author: Lucintel

13. Money Loan Specialist Carries On In A Positive Sense And Answers
Author: Alex Mighty

14. How To Increase Sales By Using Just One Word
Author: Ian Marsh

15. Xbox Game Console Repair Services In Uk
Author: Rosie Grace

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: