This cover helps you to pay for bills that come up due to car accident and the other party who caused the accident does not have auto insurance or the liability is too low to cover costs associated with a covered loss. For you to get the best uninsured motorist protection policy you should a research to get the best deal available. This is because there variations in the uninsured motorist protection coverage you get from different companies and you should have information about the different policies being offered. Read on to know the types of uninsured motorist protection policies those are available.

Types of Uninsured motorist protection

Uninsured motorist protections are categorized into two. They include:

• Uninsured driver bodily injury: this cover will compensate any medical expenses, wage loss and pain that you will get from the uninsured motorist. As the driver you will benefit from the cover and your passengers who were involved in the accident. This makes this cover quite convenient for you.
• Uninsured driver property: this policy will cover any damage that you car will have as a result from the accident this include the cost of repairing your car.

Compensatory conditions

The insurance company will pay the bodily injury claims associated with the uninsured motorist accidents in the following conditions.

The injured persons who will make claim should be insured parties under your policy. The insured parties should include you the policy holder, your spouse, family member who lives with you and any guests who was in the car at the time of the accident.

• The insured parties should seek compensatory damages for body injuries.
• If the owner of uninsured vehicle caused the accident through negligence.
• If the people who were injured in the accident are in the opinion of the insurer
  are legally entitled to have compensatory damage from negligent insured party.

To avoid confusion while filing for the claim there vehicles that are not included in the uninsured motor vehicles these are:

• Vehicles that are owned by the government.
• They vehicles that are operated on rails or crawler heads such as bulldozers.
• If the vehicle is designed for off road use and being used off road at the time the accident took place.
• If the vehicle was being used as a premise such as the trailers.
• If the vehicle was operated by a self insurer.
• If the vehicle is owned by your family member and it uninsured.

You should also check with your insurance agent so that you know which of the above damage is included in their comprehensive insurance policy. Different insurances companies cover different perils in their comprehensive insurance.

Factors to consider when choosing a comprehensive insurance cover

We all have different needs; the same applies when you are choosing auto insurance. Choose an insurance policy that serves your needs to avoid having the wrong cover which will lead to you having some of the risks you are exposed to not being covered. Read on to know what factors you should consider while choosing a comprehensive insurance cover.

• If the lender or leaser needs you to take the comprehensive coverage.
  If you have borrowed or you were leased a car with the car dealers they might tell you it is a must that you have the comprehensive insurance. In this case you will have to take the comprehensive coverage.
• The value of your car

  If you have paid off your car having a comprehensive insurance cover it is optional. If the value of your car is high such that when it requires to be repaired it might cost you a huge sum of money then you should consider taking the comprehensive cover but if the value of your car is low such that when it requires to be repaired you might meet the cost without struggling then there is no need for you to take the comprehensive insurance.

Importance of comprehensive insurance

There people who cover their cars with insurance since it is must but they really do not know as to why you should have auto insurance. The following are reasons as to why having a comprehensive insurance cover is important.

• It helps you to cover problems that are caused by third parties.
• It helps you cover a variety of problems this helps to reduce complications.
• It will help you to avoid high economic problems which are caused by car damage and it has highly reduced rates.

Conclusion

Different insurance companies have different policies when they are offering the comprehensive cover. Ensure you talk to the insurance agent to know what is being offered. You should also put in mind that comprehensive insurance does not cover damage caused by collision with another car and put into consideration the factors that makes it necessary to have a comprehensive cover.

Who can be covered in the personal injury protection insurance?

The personal injury protection can cover a number of people. Below is a list of those who can benefit from the cover.

• The person who is named in the policy.
• Anyone who is related to the policy holder by blood, marriage or even adoption
• Anyone who was involved in the accident even if they are pedestrians and non-family.

Benefits of personal injury protection insurance

The following are some of the benefits you will experience when you have personal injury protection:

• The insurance will cover for your household replacement services

After an auto accident you might have to hire someone to help with some of the duties or activities you did engage in before the accident. The personal injury protection will help you to meet some of the cost of paying the person you will hire. If you sustain serious injuries and you need an attendant care then they will also pay for the bills regardless of whether they are family members or nurses.

• Medical expenses

Personal protection injury insurance is meant to cover your medical expenses in case of an auto car accident. It may cover all of your medical expenses inclusive the ones that should be covered by your health insurance.

• Medical mileage

If you are involved in a car accident and you sustain injuries that require you to visit the hospital regularly then it can be quite expensive. Well if you have a personal injury protection cover you do not have to worry about transportation cost, they will be compensated by it. All you need to do is keep a good record of your mileage expenses and submit them to your insurance company along with your other medical bills.

• Wage loss

You will be reimbursed for any wage you have lost as a result of the injuries you sustained in the auto accidents till the statutory monthly maximum which is adjusted annually. The wage loss can be paid up to three years since the auto accident happened.

Conclusion

Personal injury protection you will have to pay higher premiums than other types of insurance. Before you decide on settling for a certain insurance company personal injury protection policy shop around and do a cost analysis that is relative to the price of collision so that you get the best price that you will pay the premiums comfortably.

Types of auto insurance required

In the US auto insurance required may include the following:-

• Liability insurance
  In most states it is compulsory to have liability insurance. Liability insurance helps cover the damage you cause to someone’s property and bodily injuries. Different states have set minimum limits for liability insurance. For instance when your liability after an accident exceeds your amount of insurance then your personal properties will be used in paying for the damage.
• No-fault insurance
  It is compulsory in some states and it is paid when you sustain bodily injuries from an auto accident. It is paid regardless whether you are not the one on fault. It is also known as personal injury protection. Depending on the policy you have it may also pay for all of your health bills.
• Collision insurance
  This cover protects you from damage that is caused by you to your own vehicle irrespective of who was responsible for the damage. It usually has an excess where the higher the excess the lower the premium. This cover is quite necessary when you have been leased or lent a car in the US. If you have bought your own car then the value of your car will help you to know whether it is necessary to take the cover.
• Uninsured motorist insurance
  If you want to protect yourself from uninsured motorist and hit and run accident then you should take the uninsured motorist insurance. The uninsured motorist law has been enacted in many states. In most states driving without auto insurance is derisory and there may be no penalty unless one is involved in an accident. This cover is quite important since most drivers are uninsured and when you are involved in an accident and the other party is uninsured it can be quite expensive for you to cater for the expenses. There is also underinsured motorist insurance that covers you when another motorist has insufficient insurance to compensate for the damage they have caused you.
• Comprehensive insurance
  The cover helps you to protect your vehicle against loss that is resulting from fire, theft, falling objects, riots and explosions. One thing that you should put in mind is that it does not cover you against accidents that involve other cars. It is mandatory when borrowing a car or when being leased one.

Conclusion

The insurance covers discussed above they are covers that are considered important in some of the states where one should have auto insurance. There some of the auto insurances that have been left out since they are not necessary. Remember to talk to your insurance agent to get more information since different insurance companies have variability in their policies.

Risks that need insurance cover:

Now, you will have to carefully consider the type of insurance cover needed by you. According to experts some of the risks that you ought to cover include injury caused to you, co passengers and third party. Similarly you must also consider issues relating to damage to the vehicle, damage to property or damage to the car. Interestingly, most of the Auto insurance types cover all these risks.

Hypothecation of vehicle:

If you have availed loan on your vehicle and hypothecated the vehicle to the bank, then the insurance company may stipulate the type of insurance required for the vehicle. Of course, this stipulation may vary from banks to banks.
Now take a look at some of the Auto insurance types and their exclusive features:

Liability insurance:

This is regarded as one of the most extensive form of insurance. This insurance covers risks like accidents caused by you either because of negligence or mechanical failure. This type of insurance policy covers damage to any other person’s property. It also covers risks like bodily injury caused either to you or to the co-passenger or to the third person. In the normal course it is suggested that higher the insurance coverage higher will be the benefits you derive in case of happening of the contingency. Of course, this policy will have marginally higher premium.

Comprehensive insurance:

This type of policy covers damage caused to the vehicle either by collision or riot, fire as also natural calamities. In addition to this, it also covers the risk of theft of the vehicle

Collision:

This kind of policy covers the risk of your vehicle being damaged because of collisions caused by some other vehicle. If you have availed loan for buying your vehicle, then normally the financial institution will require you to take this policy. In addition to this, many of the financial institution may also require you to cover the vehicle with a comprehensive insurance policy as well.

Personal injury:

If you are injured in the accident of your car, then this insurance cover can be used for meeting medical expenses, hospitalization and so on. Some of the insurance companies even cover the risk of disability caused because of injury.

Underinsured/uninsured motorist:

There could be instances of you get injured because of the accident by a motorist who has either not taken an insurance policy for the vehicle or has underinsured the vehicle. In such cases, the expenses on your hospitalization or medical treatment and other related expenses could be met with this type of insurance cover

Browse to know more:

You may browse any of the insurance companies for details of risks covered and other terms and conditions governing these insurance policies.

Different auto insurance types:

Liability or third party insurance is one of the low premium insurance policies which is offered by some of the insurance companies. This is one of the most basic policies of auto insurance that you will get in the market. As per this policy if you are involved in an accident and it is proved substantially that the accident was your fault then the insurance company will pay the damages to the party involved in the accident. The company would essentially agree on a basic set of payment scale that it would pay in case such an accident takes place. Different companies will have different pay ceilings and rates. It is important for you to get complete clarity regarding the rate, premium, basic bracket of pay and all other terms of conditions involved in the policy from the insurance agent or the company’s representative.

The other type of insurance is comprehensive and collision insurance policy. As the name suggests the comprehensive plan includes all types of damage that can be caused to your vehicle or auto by robbery, natural disaster or any other similar occurrences except accident. The collision implies the damage incurred to your or other party’s auto by an accident. The collision policy of insurance covers the damages caused to your auto as well as the other party’s auto irrespective of who is the victim or the culprit. This is essentially where the comprehensive and collision plan is different from the liability insurance policy. The liability policy only covers the damage caused to the other party’s auto whereas comprehensive plan covers the damage caused to all the parties involved in the accident.

One other type of insurance is medical and no fault plan. In this policy the company covers the cost of medical expense incurred by you in the accident as well as other passengers involved. The no fault plan pays you regardless of who is responsible for the accident.

Word of caution:

It is very important that you do your research and ground work properly before deciding to opt for one of the policies from the insurance company. There are many fraudulent companies out there who scam consumers in the name of insurance. You must be alert to this risk and always look for customer reviews before choosing a policy from an insurance company. Proper care and attention will help you be safe and secure from scams.

The various types of car insurance

• Comprehensive coverage is one type of car insurance which is the payment coverage for damage to your car in an accident where collision is not the cause. It may be caused by a natural calamity like storm or earthquake, theft, vandalism or accidentally hitting some animal.
• If you wish for complete safety to your family and yourself, one among the auto insurance types is the liability insurance coverage is the most vital one and it is needed in a majority of the states. If you accidentally hit a person or cause damage to personal property of another person, this insurance can protect you from vehicle damages as well as legal hassles if the other party sues you.
• It so often happens that a person or individual has no insurance coverage or medical coverage to pay for any damage done to his car or automobile. In such cases, uninsured or underinsured motorist coverage is the best option to select when the accident has been caused by a person without any kinds of insurance.
• Often there are instances of car collision and cars rolling over in accidents. In such cases, severe damage is caused to the cars and vehicles. This is where the collision coverage among the auto insurance types come in handy. In case your vehicle is financed or leased, this type of car insurance is needed.
• Your friends and you may be driving in your vehicle to another place and an accident takes place. You may not be at fault since someone else was driving but the car is yours. So this is where medical payments among the auto insurance types save the day for you. Be it anyone’s car, it takes care of the medical costs for injuries, regardless of who is at fault. So it is a must have among the auto insurance types.

Importance of auto insurance

This is where you can understand the importance of the auto insurance types. Often we do not understand which policy to choose and which would be the best one for us. But hopefully after going through this post, you have understood the various kinds of auto insurance types and the different situations which they are useful for. Also understand the importance of getting your car insured for the safety and well being of yourself as well as the others around you. Have a good drive on the roads, drive safe and happy by choosing any one of the auto insurance types.