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What Are The Different Types Of Car Liability Insurance?

by Bobby MooreOctober 7, 2021,
What Are The Different Types Of Car Liability Insurance?

Car insurance can save you a lot of trouble, especially when you get injured in an accident. You won’t have to go through the hassle of financial issues during your rough times. It’s required by law and can protect you from financial loss if your vehicle is involved in an accident.

The most common types of car insurance coverage that can be purchased are uninsured and underinsured motorist coverage, medical payments and personal injury protection, comprehensive, and collision. The details for these liability insurances are stated below.

Underinsured/Uninsured Motorist

Underinsured or uninsured motorist coverage protects you if you get into a collision with someone who doesn’t have any insurance or not enough to pay for your medical bills. It also covers damage to your vehicle caused by hit-and-run drivers when they cannot be found. UM/UIM coverage is usually inexpensive, but it can save thousands of dollars in medical costs.

Comprehensive

This type of coverage applies if another person hits your parked car. In addition to that, comprehensive covers damage from fire, theft, vandalism, etc. At the same time, collision covers damage from accidents with other vehicles or objects such as trees or guard rails. If you owe money or a loan or your car, it is smart to get comprehensive insurance.

Collision

Collision is most beneficial when you crash your car with someone else’s car or property. It helps pay to repair or replace your vehicle if it's damaged in an accident with another vehicle or object, such as a fence or tree. The lender typically requires collision coverage are leasing or renting a car for a short time.

Medical Payments or Personal Injury Protection

Medical Payments is one type that covers medical expenses for you or your passengers if you get into an accident. It can be a great way to protect yourself from unexpected costs after an accident. Personal Injury Protection (PIP) policy pays out benefits regardless if the driver was at fault or not. It can be very beneficial to drivers who have been injured in an accident.

To learn more about car insurance policies, visit Lakeville Motors’ blog section.

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