Though paying for auto insurance maybe an additional expense to the household, it is a necessary service that drivers must have for their protection when they are driving out on the road. There are different kinds of car indemnity and each one has its own means of covering and paying for whatever injuries and damages caused. And you, as a driver, should have a better understanding of them so you know which to take for your driving safety needs.
Here are some of the different kinds of coverage that are available:
- Bodily Injury Liability Coverage
This is sorted under Liability Coverage and it covers and pays for the injuries or death caused by the insured driver onto other people in an accident. Take note that this type of coverage does not include damages caused to the driver’s car, or the injuries the driver has sustained.
An advice to drivers who are looking to purchase Bodily Injury Liability coverage, using an insurance plan that is a little too low would be a financial risk when the damages caused by you in an accident exceeds your coverage. Consult with an insurance agent to get the right numbers and figures so you would not have to use your own money to pay for the injuries.
- Comprehensive Coverage
Found under Physical Damage coverage, this insurance plan covers and pays for any loses that had become the causes of accidents with the car the drivers had been using. This type of coverage is most recommended to drivers whose car is being financed or leased.
- Property Damage Coverage
Just like the Bodily Injury Liability, this type of coverage covers and pays for the damages caused onto another person’s vehicle and property. This could also prove useful when the injured party decides to take the issue of the accident into court, and this coverage could be used as legal defence.
- Collision coverage
This coverage is most recommended if the driver’s car is brand new or is in excellent shape. Collision coverage covers and pays for whatever damages the driver’s car had sustained due to collision with another car or objects.
All this different types of car indemnity serves one purpose, and it is to protect the insured driver b covering and paying for the injuries and damages caused by car accidents. So it is best that you know what you need to purchase the type of insurance plans that would best suit your situation.