When looking for car insurance, you should understand the different types of policies available and choose the one depending upon your driving skills, experience and affordability.
Mainly there are three basic kinds of car insurance policies.
1- Third Party
2- Third Party Fire and Theft
3- Fully comprehensive
Third Party
This car insurance policy covers the damages concerning the third party when that party claim against you if accident was your fault. It covers the damages to the car and any injured person.
It does not cover your car and body damages. It also will not pay for repair of your car or theft if it is stolen.
Third party fire and theft
This one include the damages to third party's car and passengers injuries but not yours. Plus this insurance pays replacement or repair of your car if it is stolen or damaged by fire.
Fully comprehensive
This one covers all the damages to you or third party cars and medical expenses.
It also cover the damages to car incase of fire and theft.
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Why Car insurance is important?
Why Car insurance is important?
If you have an accident, your car insurance policy will cover anything like damage to your car and your body; It can also covers other car and person damages even if you were responsible for the accident. If you don't have car insurance a claim may be made against you for the losses. You may have to pay not only the property damage you cause but also for medical expenses for any injured person. The amount of money you pay could be a big number. Anything you own like your house and savings could be taken away to cover those damages.
That's why car insurance is important because it protects you from these situations. In the United States every car that is on the road must have car insurance. It is compulsory under the Road Traffic Act to take out a minimum level of car insurance. Each state has its own rules and requirement. Normally car insurance minimum requirements are quite low, so you should get one to protect your assets.
If you have an accident, your car insurance policy will cover anything like damage to your car and your body; It can also covers other car and person damages even if you were responsible for the accident. If you don't have car insurance a claim may be made against you for the losses. You may have to pay not only the property damage you cause but also for medical expenses for any injured person. The amount of money you pay could be a big number. Anything you own like your house and savings could be taken away to cover those damages.
That's why car insurance is important because it protects you from these situations. In the United States every car that is on the road must have car insurance. It is compulsory under the Road Traffic Act to take out a minimum level of car insurance. Each state has its own rules and requirement. Normally car insurance minimum requirements are quite low, so you should get one to protect your assets.
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