The Benefits of Auto Insurance

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The Benefits of Auto Insurance

Postby Alex Chris » Wed Sep 01, 2010 12:34 pm

An auto insurance policy is an agreement between individuals and the insurer for automobiles. The insured person pays a certain premium as insurance and the insurance company, in turn, promises to support financial losses involving vehicles as long as the policy lasts. Auto insurance is compulsory in most states, and the insurance has different types of benefits or coverage.

Some of the components of auto insurance are bodily injury liability, property damage liability, medical payments coverage, uninsured or under insured motorist coverage, comprehensive coverage, and collision coverage. A typical policy features the aforementioned six benefits. Bodily injury liability covers legal costs and personal injury claims filed against you if someone is killed or injured in your automobile and you are found to be at fault. Property damage liability deals with legal costs and other damage claims, in case there is damage to another person's property by means of your vehicle.

Medical payments coverage assists in paying medical expenses, even if the insured person is injured in somebody Else's vehicle. Uninsured or under insured motorist coverage protects against expenses incurred as a result of an accident that is caused by another individual who is either uninsured or who has inadequate insurance coverage. In comprehensive coverage, insurance is for vehicles that are damaged because of theft or natural calamities. Here, the insurance amount is paid for repair or replacement of vehicles. Collision coverage is mainly for vehicles in which damage occurred due to collision with other vehicles, objects, or even persons.

Auto insurance policies allow premium discounts for theft devices or for owning more than one policy with the same insurer. An added advantage is the provision for extending coverage to others driving your car with your permission.
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Re: The Benefits of Auto Insurance

Postby Elissa » Tue Sep 07, 2010 10:27 pm

In the United States, auto insurance covering liability for injuries and property damage done to others is compulsory in most states, though different states enforce the requirement differently. The state of New Hampshire, for example, does not require motorists to carry liability insurance the ballpark model, while in Virginia residents must pay the state a $500 annual fee per vehicle if they choose not to buy liability insurance. Penalties for not purchasing auto insurance vary by state, but often involve a substantial fine, license and/or registration suspension or revocation, as well as possible jail time. Usually, the minimum required by law is third party insurance to protect third parties against the financial consequences of loss, damage or injury caused by a vehicle.
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Re: The Benefits of Auto Insurance

Postby kindred » Wed Jan 26, 2011 1:23 pm

Insuring your car is a smart move in getting the best possible protection of own investment in the vehicle and preserving your finances should you be involved in an accident. Shopping around and comparing all the costs involved in obtaining a car insurance will help you decide which companies offer you the best value for money and where you will find it easier to have a policy.
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Re: The Benefits of Auto Insurance

Postby lora001 » Fri Feb 18, 2011 10:16 am

Probably the most important advantage we offer is that all the insurers are aware that they are up against each other in our platform and try their best to get your business. You do not go through series of websites, take notes, make calls and fill several forms just to see what insurance bargain you might be offered. We tell you all that in a bullet point format on the same page. Here, you have a personal auto insurance helper.
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Re: The Benefits of Auto Insurance

Postby Hussey01 » Fri Jul 08, 2011 3:43 am

I do agree with the idea of auto insurance being reliable,supportive and good to do.Here is good discussion on this subject .Vehicle is a risky moving money and insurance is great to protect the handsome investment there.Thanks.
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Re: The Benefits of Auto Insurance

Postby jerryharvard » Tue May 22, 2012 4:20 am

Auto insurance policies allow premium discounts for theft devices or for owning more than one policy with the same insurer. An added advantage is the provision for extending coverage to others driving your car with your permission.
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Re: The Benefits of Auto Insurance

Postby Pam_T_Silas » Fri Oct 05, 2012 3:09 am

Alex Chris wrote:An auto insurance policy is an agreement between individuals and the insurer for automobiles. The insured person pays a certain premium as insurance and the insurance company, in turn, promises to support financial losses involving vehicles as long as the policy lasts. Auto insurance is compulsory in most states, and the insurance has different types of benefits or coverage.

Some of the components of auto insurance are bodily injury liability, property damage liability, medical payments coverage, uninsured or under insured motorist coverage, comprehensive coverage, and collision coverage. A typical policy features the aforementioned six benefits. Bodily injury liability covers legal costs and personal injury claims filed against you if someone is killed or injured in your automobile and you are found to be at fault. Property damage liability deals with legal costs and other damage claims, in case there is damage to another person's property by means of your vehicle.

Medical payments coverage assists in paying medical expenses, even if the insured person is injured in somebody Else's vehicle. Uninsured or under insured motorist coverage protects against expenses incurred as a result of an accident that is caused by another individual who is either uninsured or who has inadequate insurance coverage. In comprehensive coverage, insurance is for vehicles that are damaged because of theft or natural calamities. Here, the insurance amount is paid for repair or replacement of vehicles. Collision coverage is mainly for vehicles in which damage occurred due to collision with other vehicles, objects, or even persons.

Auto insurance policies allow premium discounts for theft devices or for owning more than one policy with the same insurer. An added advantage is the provision for extending coverage to others driving your car with your permission.


Hello Alex!
As you and our other friend told us about the Auto Insurance these terms are correct but in the mean time there are a number of insurance companies and they also offer different types of insurance policies in which customer only get limited benefits instead of what it should get. They also include numerous terms and conditions which are followed by the customers. Is this right ? What is your view on this?
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Re: The Benefits of Auto Insurance

Postby jazzalbart » Tue Jan 15, 2013 4:55 am

No doubt, having an auto insurance policy will give you peace of mind in cases of unwanted damages. And it is always important to make a short list of the coverage that you want and check out recommendations that you think are best for you.
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