There are many schemes and deals available in the market regarding the auto insurance. The terms and policies coverage details are just a play of words, and tend to confuse the buyers.
1. Bodily injury liability
Helps you protect yourself in case your car is involved in an accident which causes harm to another.
2. Property damage liability
This offers a coverage in case the policy holder causes damage to someone’s property like wall, car, and power poles.
3. Uninsured and underinsured coverage
Will help you if you are hit or injured by an uninsured vehicle. It also helps to adjust the extra coverage amount, if any.
4. Medical or Health Care
The policy covers for all the medical costs and replacement service cost for the policy holder and passengers of the insured vehicle in case of any accident.
This provides you with the reimbursement in case of a collision with a car or object. The policy covers the cost of the repairs but also reduces a deductible from the premium. The deductibles are reimbursed in case the company is paid by the insurance of the other vehicle.
Some of the policies might include some other aspects as well. Also, not all kinds of insurances provide all the above-listed coverages. Thus it is advised to read all scheme related documents carefully and ensure a proper coverage suitable for your vehicle.