What are the Coverage Characteristics of Auto Insurance? (Part 1)

In each state, coverages of auto insurance are like wild forest. You need to pick up a correct tree.

Choose the suitable coverage and you will pay less cost but great protection for you and your car. Auto insurance agent is another good choice to gain correct info and he/she can save your money from purchasing.

There are many components in auto insurance for you to decide such as Collision , Roadside Assistance , and etc.

It is unexpected that there are coverage characteristics this much.

Coverage Characteristics of Auto Insurance

are including many options like these.

• Liability
  It is referred to as third-party coverage. From insurer, it can protect insured from financial loss. It covers for Bodily Injury (BI) or Property Damage (PD). State laws usually requires car owner to have some minimum level of liability insurance.
• Physical Damage Coverage
  - Comprehensive (COMP , OTC (Other Than Collision) ): It is a specific type of coverage. Cover the cost for the damage or loss of your car or other cars by accident and other causes (such as theft , natural disaster , animals)
- Collision (COLL): When your car is the one that hit or be hit. Collision coverage will pay the cost for insured car because of the physical damage from accident.
• Personal Injury Protection (PIP , no-fault coverage)
  It is a coverage of auto insurance that can save your money for medical expenses (some certain lost wages and other expenses). In some states of U.S. have this PIP. PIP will not care if you are a fault or not , and this is the reason that car owners want this. Not all states require PIP , so you might need MedPay too.

We are finish writing coverage characteristics of auto insurance (part 2), hope you will not wait long.

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