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16.6.18

What Is An Auto Insurance

What is auto insurance?
Auto insurance protects you against financial loss if you have an accident. It is a contract between you and the insurance company. You agree to pay the premium and the insurance company agreed to pay your losses as defined in your policy. Auto insurance provides coverage of property, liability and medical:

Pay cover properties for damage to or theft of your vehicle.
Pay legal liability coverage for your liability to others for bodily injury or property damage.
Medical coverage paid treating injuries, rehabilitation and lost wages in some cases, and the expenses of the funeral costs.
The cars include six different types of coverage insurance policy. Most states require you to buy some, but not all, of these coverages. If you're financing a car, your lender may also have requirements. Most auto policies for six months to a year. Your insurance company should notify you by mail when it's time to renew the policy and to pay your premium.

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