There are several different types of coverage that are offered by insurance providers on your auto insurance policy. Depending upon the coverage, the risk is calculated and the auto insurance premium is accordingly determined. Here are some of the different types of coverage that you can ask for from an insurance provider.
Liability insurance is considered mandatory by law. This offers damage cover for liabilities forced on the other party involved in an accident that was caused by your fault.
This is not mandatory. However, it is really important for a car that is new or has a high market price. This offers coverage for physical damages to the car caused by natural calamities like earthquakes, cyclones or floods. You will also receive coverage for damage caused by fire, theft, vandalism and other unforeseen events like a tree falling on your parked car.
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