You are here: Home Hot tag car insurance advice

car insurance advice

Do you know "What is Car Insurance?"

Car insurance is a collection of different policies that cover you in different ways. Here’s how they break down:

    * Liability coverage – These policies help cover your rear-end when you’ve hit another car and it’s your fault. The money will go to the people you hit, it won’t cover the people in your car.

    * Bodily Injury Liability (BIL) – This policy pays for other people’s medical expenses. You’ll often see BIL policies described as a “20/50” policy or a “100/300” policy. These numbers describe the maximum dollar amount the policy will pay for a single person’s injuries and the maximum for all the injuries sustained by all the occupants of the other car. So, for example, a 20/50 policy will pay out as much as $20,000 for a single person’s injuries, and up to $50,000 for injuries to everyone who was in the car you hit.

    * Property Damage Liability – This policy pays for damage done to the other car. Property liability is sometimes referred to alongside BIL as a third number, so a 20/50/10 liability package will also up pay up to $10,000 for damage to the other car.

The following policies pay you if you’re in an accident and/or your car gets messed up:

    * Personal Injury Protection – This covers your and your passengers’ medical expenses. If you lose time at work because of your injuries, this policy can also help cover lost wages.

    * Uninsured/Underinsured Motorist Coverage – This helps cover costs if the car you hit doesn’t have insurance, or only has the required minimum.

    * Collision – This policy gives you money to repair your car if it’s been in an accident.

    * Comprehensive – This policy pays you if your car is stolen, or if it’s damaged without being in an accident.


<< Previous
1
Next >>

Related Searches
car insurance advice, car insurance, car buying advice, www.Cheapest Car Insurance.com launches new campaign 01, www.Cheapest Car Insurance.com Take action NOW



More in Business

Business Popular Industries

Latest Exclusive News Release

1 2 3 4 5 | See More

Popular News