| What Kind Of Car Insurance Do I Need? |
 |
 |
 |
| Written by Slade Tanner |
| Tuesday, 18 May 2010 16:52 |
|
Car insurance can be a bit confusing. Reading through your insurance policy can put a lot of people to sleep. For many, figuring it out is a real chore. If car insurance confuses you here are some explanations to help you figure it out.
Car insurance can be a bit confusing. Reading through your insurance policy can put a lot of people to sleep. For many, figuring it out is a real chore. If car insurance confuses you here are some explanations to help you figure it out. First of all, there are several different types of car insurance. Liability insurance which includes property damage and bodily injury are the two types of liability that you will deal with most. Bodily injury liability insurance coverage will pay for medical and funeral expensive as the result of a crash caused by you. If you are at fault then this coverage will take care of your passengers. Your state dictates minimum coverage amounts but you should seriously consider getting more. Lets say you are in a collision and smash up another persons car. Your property damage liability coverage kicks in to repair or replace their property. Your state determines the minimum amount required. You can choose to get higher coverages. If someone else nails you and messes up your vehicle your collision insurance coverage will handle this. You typically will have a deductible to pay. This is normally $500 to $1,000. The rate of your premium will depend on many factors like the value of your car and if you own it outright. In the event of fire, theft, a falling tree or anything other than a collision to your car is where comprehensive insurance coverage comes into play. This coverage will help out at for things you can can't foresee or that are mostly out of your control. These are just a few of the major types of auto insurance coverages. These are important to understand make sure you that you adequate insurance. Buying insurance is not the funnest thing in the world. It is one of those things that you hate to pay for but when you need insurance, it sure is nice to have. DISCLAIMER: This article is provided as information only and is not to be taken as financial advice. Slade Tanner writes about Car Insurance in Tampa |