Every one of us wants to own a car so that we can move freely from one place to another quickly
. Car helps in eradicating our dependence on other means of transport and is also safe to drive. Because of the efficiency and security offered by cars today car owners have become conscious about car insurances. . Insurance provides you with monetary support in case of unanticipated situations. No one knows about future and what is going to happen the very next moment. It is capricious and the best we can do for us is securing it through insurances. Here are few types of car insurances available:
Liability Insurance:
In liability insurance the loss caused to a person or property is covered while driving. In liability insurance the physical damage that is caused to a passerby or you because of your mistake or unwanted natural force is covered. Your insurer pays you for the damage and loss that you have caused and you will have to take care of the deductible amount that was fixed in your plan. If you have caused any damage then your insurer will pay for it. The deductable amount usually ranges from $100 to $1000 depending upon the kind of policy you choose.
Collision Insurance:
Collision insurance also takes care of the harm and damage that is caused to you or property during a car collision. Collision insurance covers for all the harm over the deductible amount up to the maximum value of your policy but it does not implies that you can purposely hit a car into a tree because you need quick dollars. The company that pays you the insurance often investigates about it before giving you the claim.
Comprehensive Insurance -
This insurance type covers the damages to the insured car that are caused by some other reason than collision. The cause can be theft, vandalism, natural disaster, etc. It pays you when your car is damaged by a hailstorm using comprehensive insurance policy. But then you will have to look after the deductibles.
There are many different insurance companies offering insurance plans to suit various needs of their customers. The cost of insurance, deductibles, claim value and premium rate may vary from the company you choose and the kind of insurance policy you have. . So, it is advised to research the market carefully before choosing any insurance policy.