Car insurance protects you against any financial loss that may happen due to an accident or theft of your car. It is a car insurance company that issues car insurance to you. A car insurance company will work up a car insurance policy for you after evaluating the various options like the make of your car, the premium that you are willing to pay, your insurance risk, etc. A yearly premium has to be paid by you to the car insurance company so that the company can pay for your loses that you may bear in the future. All the terms and conditions are mentioned in the contract and it is your duty as a car owner to look over all the points and ask the insurance agent any questions that you have in mind. It is only after all the terms and conditions are clear to you that you should sign on the dotted line and pay the premium.
Normally all car insurance companies have the same insurance policies. The premium to be paid and the percentage of losses to be covered in case of any accident may vary slightly. Since the car insurance market is very competitive, the premium rates and other terms and conditions almost remain the same.
A car insurance policy may provide property, liability and coverage depending on the type of policy. The property coverage covers losses for damage of the car or the theft of the car. Liability coverage pays for any legal liabilities to other people for bodily harm or property damage. And medical coverage covers expenses for treating injuries, medicine expenses and funeral expenses in case of a car accident. You may buy the different types of coverage depending on how much you want to spend on your policy.
A car insurance policy usually consists of 6 types of coverage. As mentioned before a customer can select from the different types of coverage. Most of the car policies last from 6 months to a year. Your car insurance company will bill you when it is time to renew your policy and be prepared for a rate hike.
The different types of coverage are :-
1) Bodily Injury Liability
This type of liability covers the expenses of injuries that you may cause to someone else while driving your car. Also the coverage includes injuries caused to a person while driving other person's car.
2) Medical Payments and Personal Injury Protection
This type of liability covers the expenses for the treatment of injuries to drivers and other passengers. The liability also covers medical expenses and funeral expenses in the case of death.
3) Property Damage Liability
This type of liability covers for damage to the other person's car and your car. It may also include damage to lamp posts, telephone poles, fences and other public property.
4) Collision
This type of liability covers expenses for damage to your car or the other person's car. Even if you are at fault, then also you will be reimbursed for the expenses of repairing the car.
5) Comprehensive
This liability covers loses due to theft or damage to the car by something other than collision with another object or damage to the car due to fire, falling objects, explosion, earthquake, etc.
6) Uninsured and Underinsured Motorist Coverage
This liability covers damages to your car by another driver who is uninsured.
The coverages mentioned above are offered by all car insurance companies. In almost all states, car insurance is mandatory. Therefore, it is your responsibility as a car driver to have a policy.
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Article Source: ArticlesBase.com - Are All Car Insurance Companies Equal? Here Is What To Look For.
Filed under auto insurance price quote by on Sep 1st, 2009. Comment. 
has anyone ever had problems getting a claim paid usaa insurance in hawaii?
my soldier daughter lives in hawaii, there was a flood, her car was water damaged, her insurance is usaa, an internet insurance company, they gave her a rent a car, asked her to get an estimate, now, 4 weeks later they told her to return the rental car and they are not going to pay the damage to the car because my daughter took too long, is this legal? my daughter did let them know and they said they would call her back, what should i tell my child to do?
Get an estimate and send it to the internet insurance Company. They do not have an agent to look at the car.
If they refused to pay then she can take then to small claim court. Most court require 3 estimate. You take the numbers off the highest one.
Filed under auto insurance price quote by on Aug 29th, 2009. Comment.
When planning to apply for rental car insurance a lot of questions come to mind. These questions confuse us as to whether to apply for it or not. Furthermore, one wants to know whether the auto insurance at present covers the rented cars or not. The insurance for a rented car will cover theft or a damaged rented car and you will not be held liable for it.
When you are to apply for rental car insurance you need to consider a few things. Firstly you should check with your own personal auto car insurance and see whether it will cover the rented car or not. You should also find the auto rental insurance type that is covering you with the help of your credit card company.
It is more likely that the auto car insurance will cover the rented car if you have rented it for the purpose of leisure and not for business. The existing auto insurance coverage and the deductibles will apply to the car rented. Remember if it is providing coverage then find out the type as well. Also, check for the offers by auto car insurance as they will be less expensive than getting it from a rental company.
It is advisable to apply for a rental through your credit card. This will give you a variety of insurances depending on the bank providing the credit card, card type etc. In general, the insurance will only cover for the damaged car and not the property, personal belongings or liabilities.
These are few things that you should consider and ensure that you get firsthand knowledge before you decide to get rental car cover.
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Article Source: ArticlesBase.com - Rental Car Insurance- Should You Get It
Filed under auto insurance price quote by on Jul 3rd, 2009. Comment.