By buying a car insurance policy, you are entering into a contact with the insurance company. Under the contract, if your car meets with an accident, the insurance company must pay for the losses. Your part of the contract is to pay the premium.
Property, liability and medical coverage are all covered by car insurance. Damages or theft to your car are paid by property coverage. If you car causes bodily injury or property damage, the liability coverage pays for your legal responsibility.
The medical coverage will pay for the cost of treating injuries, rehabilitation and sometimes lost wages and funeral expenses.
The validity of most car insurance policies is six months to one year. The policy must be renewed on expiration.
All states require you to have some form of car insurance if you own or operate a car.
The penalty for driving a car without insurance varies from state to state. In some states, your car will be impounded. Some states impose heavy fines. You could be in serious trouble if you car is involved in an accident without insurance. You may have to comply with the financial responsibility laws including having to pay for any injuries or damages out of your own pocket.
Your credit history, the age and type of your car are also vital factors in determining the rate you have to pay for car insurance.
It is your responsibility to provide insurance for any car you own regardless of who is operating the vehicle. If you operate a car without insurance, you will be in violating the law.
You might save some hundreds or even a few thousand dollars by simply receiving quotes from not less than three quotes sites.
Property, liability and medical coverage are all covered by car insurance. Damages or theft to your car are paid by property coverage. If you car causes bodily injury or property damage, the liability coverage pays for your legal responsibility.
The medical coverage will pay for the cost of treating injuries, rehabilitation and sometimes lost wages and funeral expenses.
The validity of most car insurance policies is six months to one year. The policy must be renewed on expiration.
All states require you to have some form of car insurance if you own or operate a car.
The penalty for driving a car without insurance varies from state to state. In some states, your car will be impounded. Some states impose heavy fines. You could be in serious trouble if you car is involved in an accident without insurance. You may have to comply with the financial responsibility laws including having to pay for any injuries or damages out of your own pocket.
Your credit history, the age and type of your car are also vital factors in determining the rate you have to pay for car insurance.
It is your responsibility to provide insurance for any car you own regardless of who is operating the vehicle. If you operate a car without insurance, you will be in violating the law.
You might save some hundreds or even a few thousand dollars by simply receiving quotes from not less than three quotes sites.
About the Author:
Learn more here: Safe Auto Insurance and Really Cheap Auto Insurance. Chimezirim Odimba is a financial expert.
No comments:
Post a Comment