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Thursday 16 June 2011

What is Auto Insurance

Auto insurance protects you against financial loss if you have an accident. This is a contract between you and the insurance company. You agree to pay the premium and the insurance company of your losses as defined in your policy agree to pay. Auto liability insurance, property, and provides medical coverage:
  • Property coverage damage to or theft of your vehicle is paid for.
  • Liability coverage for bodily injury or property damage to others, pays for your legal responsibility.
  • Medical coverage for treatment of injuries, lost wages and funeral expenses, rehabilitation and sometimes pays for the cost.
An auto insurance policy includes coverage for six different categories. In most states, you have some of those coverages, but not all, need to buy. If you're financing a car, your lender may also requirements. Most auto policies are for six months to a year. Your insurance company notified by mail when you renew the policy and your premium is to be paid.



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