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Medical payments
insurance- This policy provides for the immediate treatment of
injuries caused by a car accident. You, your family members
and other passengers in your vehicle are covered, regardless
of who is at fault for the accident.
Underinsured and Uninsured Motorist Insurance- Uninsured motorist
insurance is needed when the other driver has no liability
coverage. Underinsured motorist coverage pays for the cost of
your injuries that exceed the other driver's coverage maximum.
2. OPTIONAL AUTO MOBILE INSURANCE
• Collision Insurance- This coverage pays for damage caused to
your vehicle in an automobile accident, when you are "at
fault".
• Comprehensive
Insurance- This car insurance covers damage caused to your
vehicle caused by any unknown party.
3. Automobile
Insurance Endorsements
• Towing insurance pays for towing your car anytime you need
it.
• Glass insurance gives you a lower deductible (or no
deductible) when it comes to repairing any broken window on
your car.
• Emergency roadside assistance covers repairs done on the
spot.
• Daily rental insurance covers the cost of a rental car while
your car is being repaired.
The contents of your automobile insurance policy includes: -
1. Declarations-It lists all relevant information about your
personal automobile insurance policy.
• The year, make and model of your car
• VIN (vehicle identification number)
• Name of the insured
• Dates the policy is effective
• Policy's coverage types and limits
• Policy's cost (your premium)
2. Insuring Agreement-It outlines exactly what the insurance
company promises to provide in return for the payment of your
premium.
3. Definitions-Every relevant term will be narrowly defined,
so as to cut down on the possibility of a misunderstanding
between you and the insurance company.
4.Exclusions- It
lets you know what, when and who won't be covered by your
policy.
5.Conditions- It
lists your duties and responsibilities as the insured in the
event of a claim situation.
Thus a automobile insurance remove your financial burden by
making sure that in your bad times you have a backup to bear
the repairable loss. |
