Most experts agree that life, health, long-term disability, and auto insurance are the four types of insurance you should have. Bodily injury liability coverage applies to injuries that you, the designated driver or the policy holder, cause to another person. You and your family members listed on the policy are also covered when you drive someone else's car with your permission. Collision coverage covers damage to your car as a result of a collision with another car, an object, such as a tree or telephone pole, or as a result of a rollover (note that collisions with a deer are covered by comprehensive coverage).
It also covers damage caused by potholes. Collision coverage is generally sold with a separate deductible. Even if you're at fault for the accident, your collision coverage will reimburse you for the costs of repairing your car, minus the deductible. If you're not at fault, your insurance company may try to recover the amount it paid you from the other driver's insurance company and, if they're successful, they'll also reimburse you for the deductible.
This coverage reimburses you for losses caused by theft or damage caused by something other than a collision with another car or object. Comprehensive coverage covers events such as fires, falling objects, missiles, explosions, earthquakes, windstorms, hail, floods, acts of vandalism, riots or contact with animals such as birds or deer. It will also be worth repairing the windshield if it is broken or broken. An insurance policy is a legal contract between the insurance company (the insurer) and the insured person (s), company or entity (the insured).
Reading your policy helps you verify that the policy meets your needs and that you understand your responsibilities and those of the insurance company in the event of a loss. Many policyholders take out a policy without understanding what is covered, what are the exclusions that take away coverage, and the conditions that must be met for coverage to apply in the event of a loss. The SCDOI wants to remind consumers that reading and understanding their entire policy can help them avoid problems and disagreements with their insurance company in the event of a loss. If you have an accident, Medical Payments covers medical and funeral expenses.
Medical payments can also cover your family members or passengers, regardless of fault. This type of car insurance coverage also applies if you or your family members are traveling in other vehicles or if you are hit by a car while walking or biking. While different states have different mandates for car insurance, most basic car policies consist of six types of coverage.
