Auto Insurance – Know Your Coverages!

Auto insurance is a type of insurance which is designed to protect an automobile owner from the costs associated with repairs to his or her vehicle if it is damaged or stolen. Auto Insurance-Miller-Hanover New Oxford Office has some nice tips on this. The coverage provided by this insurance policy typically pays medical expenses as well as damages that are inflicted on the car, in most cases. The amount of coverage that you receive will be based upon the coverage limits set forth in your automobile insurance policy, as well as the value of the car itself. In addition, certain types of auto insurance policies may also cover the cost of rental cars while yours is being repaired; these circumstances are usually referred to as “all risks” or” Bodily Injury Liability”.

Another type of auto insurance policy which provides coverage in the event that you are at fault for an automobile accident, is called uninsured motorist coverage. This coverage provides coverage for injuries and damages that you suffer as a result of a car accident, regardless of who is at fault in the accident.

The third type of auto insurance policy that you should consider purchasing if you plan on driving is called “Minimum Coverage Auto Insurance”. This particular type of policy is designed to provide the minimum amount of insurance required by law to all drivers, regardless of their location, as long as they maintain a certain level of coverage in their personal car at all times. Minimum coverage auto insurance usually requires that drivers maintain the following minimum levels of auto insurance coverage: personal injury protection, collision and comprehensive coverage, medical payments coverage, and uninsured motorist protection.

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