When you’ll purchase an auto insurance policy, you’ll find that it is packed up with a lot of coverage. Among them the major ones are the liability coverage, collision and comprehensive coverage which has to be included in your policy in order to protect you and your vehicle from any major accident. But with the rising cost of the auto policy, people are taking out loans to pay their premiums on time. Thus, before you purchase a policy you must search for the car insurance quotes online. Compare insurance quotes so as to make the auto premium manageable for you.
Liability coverage:
If you have met with an accident and you and your vehicle have suffered damages, then the liability coverage of your policy can do no good to yours. But if in the accident you’re at fault for the damage of the property of the other party involved in the accident, then this coverage will come into play. It is of two types such as the property damage liability and the bodily damage liability.
Property damage liability coverage:
If you’re found at fault in an accident that has damaged the property of the other party involved in the accident, then this coverage will help you compensate the cost of his damage.
Bodily injury liability coverage:
If you have met with an accident and are found at fault for the injury of the other party, then this coverage will come into play. This will help you pay for the medical bills, physical therapy, work time lost due to injury, legal representation of the other party, funeral costs and many more.
Comprehensive coverage:
You can take advantage of the comprehensive coverage only if your vehicle suffers any type of loss other than accident. Damage caused due to severe weather such as tornado, hail storms or natural disasters such as the earthquakes, fire or flood will be healed by this type of coverage.
Lastly, though liability coverage may not help you repair the damages of your vehicle when met with an accident but collision coverage will do so. If your vehicle has collided with a building, a guardrail or any other stationary object or has suffered damages due to flipping over or running over pot holes, then this coverage will pay you for the repairs of your vehicle after such incidents. Thus, try to get hold of these essential coverages as soon as possible.
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