fff Words and sentences that you will hear and read when you sign a car insurance contract 32

Bodily injury liability:

It will literally give you legal and financial coverage if you injure or kill someone when you drive your car. The insurance company employee will provide you with a series of numbers representing the amount of coverage ranging from a $ 5,000 cover and a maximum coverage of $ 500,000. This applies to the types of coverage below with a slight difference in the minimum price and the maximum price.

Medical payments, no-fault or personal injury

 To cover the expenses of medicine for the injured passengers and driver in your car, as well as that you were injured by a car when you are in a hurry

Uninsured motorists coverage

  This means that the car is insured in the event of a collision with another car owner does not have Tamina; this applies to incidents where the other party escapes from the scene of the accident; then considered as a driver without insurance or coverage

Comprehensive physical damage:

Cover covers repairing your car in case of damage due to non-collision incidents such as theft, fire, pyramids;

Collision coverage:

Financial and legal coverage when the accident occurs, whether with something or with another car, whether it is your fault or the fault of the other driver. But you have to keep in mind that this type is specific to the financial value of the car in the market; therefore, it is recommended to cancel this coverage if the car is very old.

Property damage liability:

When you hit a third party or another car and the mistake was your fault, this type of coverage will protect you legally and pay you fees and repair

In addition to the types of coverage above there are other services that insurance companies can offer to you to add to the list above; among these services we recite:

Emergency Road Service: Helps you if your vehicle crashes into a mechanical wreck on the road

Rental Reimbursement: If your car is disabled or in a garage repair vehicle after a traffic accident, this service you have subscribed to will give you a free rental car until your car is repaired

Mechanical Breakdown Insurance: Covering the mechanical damage of the vehicle.

Now that I have read this topic, I have known the meaning of universal coverage and partial coverage. The latter means when you buy only one type or some types of coverage in order to reduce the cost of insurance for car accidents; the coverage is comprehensive and it means what the meaning of the word means buying all kinds of coverage.

There are some other words that you may hear or read about car insurance.

Deductible:

For example, you bought a cover, for example, the collision of $ 25,000 for each incident; and for $ 500 you chose a deductible; this means that the insurance company will pay you or the driver of the other vehicle up to $ 25,000 Depending on the type of losses resulting from the collision and deducting $ 500 as your contribution to the repair costs

The more you choose a big discount, the cheaper the insurance is, and vice versa