Auto Insurance
Understanding Auto Insurance
Auto insurance is a contract between you and the insurance company that protects you against financial loss in the event of an accident or theft. In exchange for your paying a premium, the insurance company agrees to pay your losses as outlined in your policy.
Auto insurance provides coverage for:
Property : such as damage to or theft of your car.
Liability : your legal responsibility to others for bodily injury or property damages.
Medical : the cost of treating injuries, rehabilitation and sometimes lost wages and funeral expenses.
Basic personal auto insurance is mandated by most U.S. states, and laws vary. Auto insurance coverages are priced individually (a la carte) to let you customize coverage amounts to suit your exact needs and budget.
What are the different types of car insurance policies?
