Since car insurance has become an important entity the need for auto insurance has increased significantly.
Yet there are people who cannot take the advantage of such insurance due to unsuitable policies, according to their requirements.
Hence, to meet their needs there are different types of policies offered by numerous companies.
There are dissimilar car insurance coverage that can be availed based on the company's policies.
One of the basic types of insurance coverage is liability.
A liability coverage insurance policy can only be availed if you are the outright owner of your vehicle.
In case you have a loan on your vehicle, then the financer as well as the insurance carrier will ask you to take a full coverage for your car.
A full coverage policy can be segregated in different sub coverage plans.
Following are the types of coverage options under full coverage scheme.
Insured and Uninsured Coverage: Insured and Uninsured Coverage is commonly known as Uninsured and Underinsured coverage.
This type of coverage is beneficial if you met with an accident which is caused by an uninsured driver.
The damages caused to your car will be reimbursed by your insurance carrier.
This policy also cover damages caused to car if it a hit- and-run case.
PDL or Property Damage Liability: This type of insurance covers costs incurred to you through accident.
The plan reimburse for damaged caused to someone else's property, on your behalf.
It does not consider who was driving the car, unless the driver has asked your permission.
Bodily injury coverage: Bodily Injury Insurance policy pays for the injuries caused to other person by the insurance holder or other individuals mentioned on the policy.
The policy covers the cost even you were driving a borrowed car, after obtaining permission.
Medical Payments or Personal Injury Protection: PIP or personal injury protection plan is different from other plans as it guarantees treatment in case any or your fellow passengers or your are injured due to an accident in your car.
There are some PIP which also pays for post treatment expenses such as rehabilitation, missed wages as well as even for funerals.
Comprehensive Coverage insurance scheme: Comprehensive coverage is one of the highly opted insurance coverage policies, as this policy covers a wide range of adverse events.
Apart from accident caused by collision between your vehicle and someone else's vehicle, the policy covers almost all types of risks.
To name a few, natural calamities such as earthquake, flood, hurricane etc, collision with animal and other types of damages are covered under this policy.
Collision coverage: As the name suggests collision coverage includes any type of damages which is result of an accident due to collision with another car or object.
If the uninsured is considered in fault then the company will pay cost for the caused damages and subtract the deductible.