Knowing about vehicle insurance, that is, more than the basics, will pay in the long run. It is when you have vehicle insurance explained, that you discover that possibly the barest minimum is not enough.
Vehicle Insurance Explained
Most people wouldn't know much about vehicle insurance,
nor care, just as long as they have it and how much it is going to cost them. Once you have vehicle insurance explained, you will be able to determine whether or not you have the ideal car insurance coverage for your situation.
The Cost to You.
The cheapest available car insurance will not cover you for the ineptitude of other drivers, regardless of how good as a driver you are, nor your driving skills.
If you do not have even the barest minimum of auto insurance, you leave yourself unprotected and, may well be up for all cost for injuries from other parties.
Your driving record may be unmatched by anyone who has ever driven an automobile. Considering the sheer volume of drivers out on the road that have no experience and little intelligence, you, being a shining example is not going to help you, when they are coming your way on a particularly bad day.
Being covered for the bare legal minimum of auto insurance, without actually understanding what this means, could leave you open to all sorts of liabilities in the event of an accident.
When you discover that there are vehicle insurance categories, as opposed to the basic legal minimum necessary, you realize that your knowledge about motor insurance could do with some work.
Just briefly, were you to run into a parked car or, the reverse, someone plows into your parked vehicle, does your minimum insurance required by law actually cover that. It must be remembered, that different countries and different states within them, may all have varying degrees of auto insurance coverage.
About Vehicle Insurance Categories
Vehicle insurance coverage basics usually available.
No-fault law.
Provided you have the basic minimum motor insurance required, you are covered if you are in an incident whether or not you are at fault. Personal injury coverage for your medical expenses for the first 'X' amount of dollars is determined by your insurance company.
Medical Only.
Coverage for you and any passengers of a vehicle owned by you, for medical expenses only.
Personal Injury Protection.
The expenses incurred for your hospital, medical and or funeral, including any injury due to the accident to pedestrians or passengers of your vehicle, will be covered by your insurer, up to the extent of your policy.
Property Damage Liability.
Property Damage Liability, often included with Personal Injury Protection, covers damage or harm to another's property, by a vehicle you are the owner of. This includes, but is not limited to, any other vehicle not yours, a residence or any part thereof such as gazebos, ponds, fences, etcetera. Again, the limit to recompense is pre-determined by the insurer.
Full Coverage.
Also known as Comprehensive Auto Insurance gives you the protection for all incidents.
Uninsured Motorist.
The passengers in your car, including yourself, are protected when the driver of another vehicle involved in an incident with your vehicle, doesn't have the legally required minimum of insurance.
Provided it is not an uncomfortable financial burden, it will pay in the long run to get as much auto insurance cover as you can. Considering the unpredictability of other motorists, you need to be be covered as much as possible.
Having the appropriate motor vehicle insurance policy and knowing just what that entails, gives you a greater understanding of what the car insurance liabilities actually are.
There are no legal claims to the validity of this article, nor was there any intention for this to be the case. This article about vehicle insurance categories is meant as an informative piece and can not be used as a legal document nor reference paper. For legal information and or references on this subject, the reader should always seek the advice of professionals.
