bugandabby
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Car insurance is like a talisman for a car owner to protect them from any future crisis due to accident, vandalism, fire, being struck by a wild animal, theft. Car insurance helps them to waive the huge financial loss that occurred by any of the above-mentioned eventualities. Without car insurance, driving on the road is a punishable offence and often led to the cancellation of a vehicle license. A car insurance plan without any important coverage is like a warrior without any talisman. One should have important coverage in their car insurance policy to protect them from any kind of contingency situation.
1. Bodily Injury Liability:
The importance of bodily injury liability coverage is immense as it will pay back the medical bill that occurred due to injury to another vehicle driver or passenger in an accident due to the fault of the insured vehicle driver. It will not only pay the medical bill but also legal expenditure when the opponent person file case in court. It is mandatory for all drivers belonging to all states except New Hampshire and Virginia to have bodily injury liability coverage that should be included in their car insurance policies. Without bodily injury liability, coverage will force you to pay all the medical bills and repair costs, which will dent your saving.
Bodily injury liability coverage includes the below-mentioned expenditure:
A. Medical Bill
B. Lost Wage
C. Legal Expenditure
D. Funeral Bill
E. Pain and suffering
2. Collision Coverage:
Collision coverage compensates for the damage your vehicle sustained in an accident with another vehicle or property. The compensation provides by car insurance companies cover both the repair and replacement cost of your vehicle.
Collision coverage does not compensate for the below-mentioned incidents:
A. Vehicle sustained damage, not due to collision with another vehicle
B. Your vehicle caused damage to another vehicle
C. Medical bill incurred due to injury to insured and passenger
3. Comprehensive Coverage:
Comprehensive coverage is mandatory in a couple of states in the US, without which you can not drive on road. Comprehensive coverage will cover damage to your car due to non-collision incidents i.e. vandalism, fire, theft.
Below mentioned incidents are covered under comprehensive coverage:
A. Theft
B. Vandalism
C. Fire
D. Natural disaster
E. Damage by falling, flying object
F. Damage by animal
G. Civil strife
4. Uninsured-Underinsured Coverage:
You will be in grave trouble when your vehicle is damaged by another vehicle that does not have any insurance or is covered by low insurance coverage. The uninsured and underinsured coverage will protect you from financial loss.
Underinsured cover will prove handy when insured vehicle sustained damage due to the fault of another vehicle driver, whose insurance is not potent enough to cover all the damage.
Uninsured motorists coverage pay the below-mentioned bill accrued due to collision:
A. Medical bills
B. Wage lost
C. Pain and suffering compensation
D. Funeral bill
The uninsured coverage is segregated into two parts:
A. Uninsured Motorists Bodily Injury (UMBI):
Uninsured motorist injury covers the medical bill of insured when the other vehicle driver does not have insurance.
B. Underinsured Motorist Property Damage (UMPD):
Underinsured motorist property damage covers the repair cost of the vehicle when the other vehicle driver lacks any insurance.
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1. Bodily Injury Liability:
The importance of bodily injury liability coverage is immense as it will pay back the medical bill that occurred due to injury to another vehicle driver or passenger in an accident due to the fault of the insured vehicle driver. It will not only pay the medical bill but also legal expenditure when the opponent person file case in court. It is mandatory for all drivers belonging to all states except New Hampshire and Virginia to have bodily injury liability coverage that should be included in their car insurance policies. Without bodily injury liability, coverage will force you to pay all the medical bills and repair costs, which will dent your saving.
Bodily injury liability coverage includes the below-mentioned expenditure:
A. Medical Bill
B. Lost Wage
C. Legal Expenditure
D. Funeral Bill
E. Pain and suffering
2. Collision Coverage:
Collision coverage compensates for the damage your vehicle sustained in an accident with another vehicle or property. The compensation provides by car insurance companies cover both the repair and replacement cost of your vehicle.
Collision coverage does not compensate for the below-mentioned incidents:
A. Vehicle sustained damage, not due to collision with another vehicle
B. Your vehicle caused damage to another vehicle
C. Medical bill incurred due to injury to insured and passenger
3. Comprehensive Coverage:
Comprehensive coverage is mandatory in a couple of states in the US, without which you can not drive on road. Comprehensive coverage will cover damage to your car due to non-collision incidents i.e. vandalism, fire, theft.
Below mentioned incidents are covered under comprehensive coverage:
A. Theft
B. Vandalism
C. Fire
D. Natural disaster
E. Damage by falling, flying object
F. Damage by animal
G. Civil strife
4. Uninsured-Underinsured Coverage:
You will be in grave trouble when your vehicle is damaged by another vehicle that does not have any insurance or is covered by low insurance coverage. The uninsured and underinsured coverage will protect you from financial loss.
Underinsured cover will prove handy when insured vehicle sustained damage due to the fault of another vehicle driver, whose insurance is not potent enough to cover all the damage.
Uninsured motorists coverage pay the below-mentioned bill accrued due to collision:
A. Medical bills
B. Wage lost
C. Pain and suffering compensation
D. Funeral bill
The uninsured coverage is segregated into two parts:
A. Uninsured Motorists Bodily Injury (UMBI):
Uninsured motorist injury covers the medical bill of insured when the other vehicle driver does not have insurance.
B. Underinsured Motorist Property Damage (UMPD):
Underinsured motorist property damage covers the repair cost of the vehicle when the other vehicle driver lacks any insurance.
Read More