What is auto insurance?

auto insurance protects you against monetary loss if you really posses accident. it's a contract between you and also the insurance company. you agree out to pay the premium and also the insurance company agrees out to pay your losses as defined located within policy. auto insurance provides property, liability and medical coverage :

property coverage pays for injury out to or theft of one's car.
liability coverage pays in exchange for legal responsibility out to others for bodily injury or property injury.
medical coverage pays for your own cost of treating injuries, rehabilitation and typically lost wages and funeral expenses.
an auto insurance policy is comprised of six totally different styles of coverage. most states need you out to obtain a few, but is not all, of them coverages. if youre financing a car, your lender may additionally have requirements. most auto policies are for 6 months out to a year. your insurance company ought to notify you by mail when it’s time out to renew the policy and out to pay your premium.
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