- Medical Coverage: It pays costs for the treatment of injuries, lost wages, rehabilitation and sometime even the funeral expenses.
- Property Coverage: It pays the cost for the damage of the car on traffic accident and even theft if mentioned in policy.
- Liability Coverage: It pays the cost of your legal responsibility to others whom are injured during accident or on their property damaged during accident.
Car Insurance
Car Insurance falls under the Vehicle Insurance which provides security on a financial loss in case of traffic accidents. Mainly, on a Car Insurance Policy the policy is bought by the owner of that car to mitigate the cost on getting accident. On a Car Insurance policy holder usually pays the annual premiums on which in return Insurance Company will pay most or sometime all costs related with an car accident other car damage or any. Depending on a contract sometime the theft of the car and cost of the injured person is also paid by the Insurance Company. In a Car Insurance a policy holder agrees pays the mentioned premium instead Insurer or Insurance Company will be agreed to pay the loss as per defined in the policy. Car Insurance mainly provides medical, property and liability coverage.
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