There are many different types of coverage available to insure your car, some are mandatory in certain states and some are just encouraged. Listed below are all the different types of coverage available and what exactly each one does:
Liability Insurance
This kind of insurance basically covers the driver in case of accident where people or property get damaged. Having this kind if insurance is Law in some states and in order to drive a car you must have this insurance. It will usually cover the driver of the vehicle and the owner of the vehicle so that all parties, should an accident occur have the financial mean to recover from the accident. When purchasing this kind of insurance it is important to note that you must tell the insurance company everyone who drives the car so that they are all covered. The amounts you are covered for vary from poliy to policy and in some states you are required to have a minimum amount such as $50,000 for New York.
Comprehensive Insurance
The most widely used insurance type, Comprehensive insurance gives the insured automobile coverage against things that don't arise from car crashes, such as the car getting stolen, weather such as hailstorms and fire damage. It will also cover you for thefts of contents from your vehicle and from any mechanical maintenance that was not done properly.
Roadside Assistance Cover
Insurance companies usually bundle this coverage in with other types of insurance, it not only covers the towing of the vehicle from an accident to another location such as a repair shop but also covers the return journey or any further follow up towing that is required.
Underinsured Insurance Coverage
Underinsured insurance basically provides coverage if other party in the accident does not have insurance or does not have an adequate amount of insurance to pay for the work that needs to be done. This kind of insurance is not as popular as the other ones but it is becoming increasing important in wake of the financial crisis, the number of cars on the road without insurance is growing year on year. Most insurance companies offer this insurance in certain states where the number on uninsured vehicles is high and bundle it together with other types of insurance such as comprehensive.
Liability Insurance
This kind of insurance basically covers the driver in case of accident where people or property get damaged. Having this kind if insurance is Law in some states and in order to drive a car you must have this insurance. It will usually cover the driver of the vehicle and the owner of the vehicle so that all parties, should an accident occur have the financial mean to recover from the accident. When purchasing this kind of insurance it is important to note that you must tell the insurance company everyone who drives the car so that they are all covered. The amounts you are covered for vary from poliy to policy and in some states you are required to have a minimum amount such as $50,000 for New York.
Comprehensive Insurance
The most widely used insurance type, Comprehensive insurance gives the insured automobile coverage against things that don't arise from car crashes, such as the car getting stolen, weather such as hailstorms and fire damage. It will also cover you for thefts of contents from your vehicle and from any mechanical maintenance that was not done properly.
Roadside Assistance Cover
Insurance companies usually bundle this coverage in with other types of insurance, it not only covers the towing of the vehicle from an accident to another location such as a repair shop but also covers the return journey or any further follow up towing that is required.
Underinsured Insurance Coverage
Underinsured insurance basically provides coverage if other party in the accident does not have insurance or does not have an adequate amount of insurance to pay for the work that needs to be done. This kind of insurance is not as popular as the other ones but it is becoming increasing important in wake of the financial crisis, the number of cars on the road without insurance is growing year on year. Most insurance companies offer this insurance in certain states where the number on uninsured vehicles is high and bundle it together with other types of insurance such as comprehensive.
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