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All those Car insurance, health insurance, auto insurance and all the other types of insurance might seem very overwhelming and confusing at the same time, I do know this is a very off topic for my blog . I decided to write this is mainly due to the fact that I am a commerce student who came across a lot of topics like auto insurance,car insurance etc and when I first started to learn about them I didn't even understand a one bit but eventually as I went on to read more on those type of topics I got a lot familiar with that and also I had a very good teacher. The main problem being is as a teenager and an early 20s we often get our self a motor bike or car or any of that sort so we are all pushed into the world of "buy car insurance " and "apply for insurance" or else we might end up in big trouble and all that. when i first applied for an auto and health insurance for my car , I did pay a quite lot and got even a little upset as I wasn't expecting certain things and that is the main reason this article is being written by me today. So I am going to be breaking down the key points of insurance and what you need to know and why you need to apply for auto insurance or health insurance.
1. Liability Coverage :-
Liability coverage is a type of car insurance, it basically means that if you're at fault of an automobile accident, you will get the following covered by your insurance company.
- Coverage for any injuries to the other person.
- Coverage for any damages of a property that you caused.
If you cause an accident and if the other person's automobile is damaged and if the person is at risk in terms of health your insurance will provide coverage for the damage of the property and also the coverage for the other persons health. Do note that it is only for the other person and not you, Unfortunately you are not provided with any coverage.
2.Medical Payments Coverage :-
This particular coverage policy states that any need for medical support that was caused as a result of the accident it will be taken care or covered by the policy of the insurance company and will also pay for anyone that was injured due to the accident and this also includes funeral charges too.
3.Uninsured Motorist coverage :-
This means that if you are involved in an accident with a person who potentially breaks the law by not carrying their own auto liability insurance.Your medical bills will be taken care of by the company if you get injured by the other person who doesn't own their own auto liability insurance.
4.Physical Damage Coverage :-
Payment covered for either a direct or accidental lose for your automobile.
This coverage policy has two type of coverage.
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