What Are the 3 Types of Car Insurance?
You may have heard of liability coverage, but did you know that there are different types of car insurance? This type of insurance kicks in when you are at fault in an accident and covers damages you cause to other people’s property. However, your state may have a minimum level of coverage, so be sure to check with your insurance company. This type of policy is the most common one, but it’s important to remember that there are more than three different types of coverage, so be sure to research them all!
Liability coverage, also known as “either full or limited,” helps to cover damages caused by accidents. Most states require that you carry at least the minimum liability coverages, but you may want to get more comprehensive or collision coverage. Collision coverage helps cover costs of repairs, even if you’re not at fault. This type of coverage doesn’t cover animal damage, though. Comprehensive coverage, on the other hand, protects you against other risks. Comprehensive coverage is sold alongside collision coverage tunai4d..
Comprehensive coverage protects you against losses not caused by auto accidents. For example, it covers damage caused by hail, earthquakes, and floods. It also pays for damages caused by vandalism, theft, and deer. Comprehensive coverage is also useful if you have a leased car. It can pay for repairs or replacement, but you have to pay the deductible first. The amount you’re required to pay may depend on your circumstances.