CAR INSURANCE

Car Insurance

Car insurance is a contract between you and an insurance company that protects you financially if you’re involved in an accident or your vehicle is damaged or stolen. In exchange for paying a premium (a regular payment), the insurance company agrees to cover certain types of costs, depending on the policy you choose.

Main Types of Car Insurance Coverage

Liability Insurance (Mandatory in many countries):

  • Covers damage you cause to others (people and property).
    Two parts:
  • Bodily Injury Liability – for injuries to others.
  • Property Damage Liability – for damage to other vehicles or property.
Collision Coverage:

  • Pays to repair or replace your car if you’re in an accident, regardless of who is at fault.
Comprehensive Coverage:

  • Covers non-collision incidents, like theft, fire, vandalism, floods, or hitting an animal.
Personal Injury Protection (PIP) / Medical Payments:

  • Covers medical expenses for you and your passengers, regardless of fault.
Uninsured/Underinsured Motorist Coverage:

  • Protects you if you’re hit by someone without insurance or not enough coverage.

Why Car Insurance Is Important:

Would you like help choosing the right type of car insurance based on your situation?

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