THE IMPORTANCE OF AUTO INSURANCE

THE IMPORTANCE OF AUTO INSURANCE

A car insurance is an absolute must for anyone driving a car. In the United States auto insurance that starts with coverage is essential that cover the potential costs of an accident or the medical expenses of victims, situations that are simply too big to run the risk of running out of Coverage.

 

 

The coverage of auto insurance is very necessary in times of crisis, especially when most people do not have enough assets or savings to respond civilly to any damage caused, which is why the basic coverage of all insurance Are of vital importance for today’s drivers, regardless of their driving skills.

And among the types of auto insurance policies we have:

– Liability insurance: it is the basis of all car insurance policies. This type of insurance will pay for any type of expenses related to personal injury or property damage; Both for you and your car (in case you are the victim of an accident) and also those of the other person involved (if you were the cause of the accident).
– Collision Insurance: A comprehensive coverage is a separate type of coverage that is sold as a single package. Collision coverage means exactly that: pay for the damage done to your car in a crash in which you are “at fault”.
Usually, this is the most expensive part of your car’s insurance account. The collision coverage will pay for the repair of your car up to the current value in cash of the vehicle (also known as “fair market value”).
This means the current value of your car at the time of the accident, not how much it would cost to replace the vehicle. You can get an idea of the value of your car using the “Kelley Blue Book”, which can be found in most bookstores or through the Internet.

And among the types of auto insurance policies we have:
– Liability insurance: it is the basis of all car insurance policies. This type of insurance will pay for any type of expenses related to personal injury or property damage; Both for you and your car (in case you are the victim of an accident) and also those of the other person involved (if you were the cause of the accident).
– Collision Insurance: A comprehensive coverage is a separate type of coverage that is sold as a single package. Collision coverage means exactly that: pay for the damage done to your car in a crash in which you are “at fault”.
Usually, this is the most expensive part of your car’s insurance account. The collision coverage will pay for the repair of your car up to the current value in cash of the vehicle (also known as “fair market value”).
This means the current value of your car at the time of the accident, not how much it would cost to replace the vehicle. You can get an idea of the value of your car using the “Kelley Blue Book”, which can be found in most bookstores or through the Internet.

When you have been involved in an accident and need to repair your car, you will first have to pay your “deductible” and from there the insurance will pay the rest. If repairing your car ends up costing more than the vehicle currently costs, what your insurance company will usually do is “total” the car, which means that it will give you a check with a one-time payment for the current current value Of the car instead of paying for repairs.
– Medical Payments: Medical payment coverage, also referred to by its English abbreviation “MedPay,” pays for the immediate medical care you need, your family members or the passengers who were in your car as a result of an accident, Regardless of who has been the culprit. If the person responsible for the accident was someone else, your insurance company may first try to have that person’s insurance company pay the related expenses before paying through their insurance.

 

 
– Non-fault and Personal Injury Protection (PIP) insurance: Personal injury protection (PIP) and the most comprehensive liability insurance ( ” No-fault “insurance) are expanded forms of medical payment coverage.
This means that PIP coverage and disclaimer will pay for all expenses that are not usually included in medical payment coverage, such as unpaid wages, child care payments, funeral expenses, pain and suffering compensation, etc. The requirements and the amounts of coverage of exemption of responsibility and the PIP vary according to the State.

Clic en cuadro de abajo para ver el video

COMENTARIOS CON FACEBOOK
Like
Like Love Haha Wow Sad Angry