Different types of car insurance

Different types of car insurance

This article attempts to simplify a number of auto insurance plans available to Guard and family.

Insurance cover for cars is classified into several types. It 'easy to check what you need your auto insurance to obtain in advance by choosing the appropriate insurance coverage. How are you, a car insurance is purchased to protect your car in case you suffer a loss of one's self and your family.

Liability coverage - Liability

1. Bodily injury liability - BI
It is others death or personal injury to which you are responsible. Moreover, it also provides a legal defense, if the second part is mentioned in court in disgrace. BI covers can be for such things as medical bills, lost wages or pain and suffering.
2. Property damage liability PD
Cover if your car damages someone else's property. Mostly this covers your car, but also a house, a fence or any other property damaged in an accident. It provides for legal defense if another party is mentioned.

Physical damage coverage COMP and COLL

1. Comprehensive coverage including collision or not OTC
It covers your car, other vehicles, and sometimes led to the loss of other collision events. For example, insurance covers damage to your car in case of theft or due to floods, fires, or animals. Cover fixing your car subjects deductible you select. It is limited by the conditions contained in the policy. Comprehensive coverage is best when you have a loan or lease. This is not required in some states, but if you have a loan or a lease holder of the privilege requested.

Collision Coverage

Collision coverage is not absolutely necessary, but the lender will need. You know the classes are limited collision coverage in standard form and wide. If the driver is facing more than 50% of fault can quote him. Deductible holds and that varies from $ 50 to $ 250. However, the purchase of comprehensive coverage of collision-free form of relief if they are less than 50% of gross