The Major types of Car Insurance Explained || Why did we need auto car insurance ? || Car insurance types ||
Why did we need auto car insurance? Auto car insurance is the only thing standing between many drivers and financial ruins. The average car accident costs $7500 in property damage. If someone is injured in accident, that amount jumps to more than $61000. And if someone is killed in car accident, you are looking at more than $1.1 million. It takes few seconds to change your life, and if you're not adequately insured, you could spend years paying damages of life. Car insurance is a relatively inexpensive way to guard against financial ruins due to car accident. What are the main components of an car insurance policy? Coverage-varies by state, but here are the 6 main components that go into an car insurance policy 1. Liability coverages This includes body injury liability and properties damage liabilitis. Bodily injury can help cover the costs of injuries to another person if a driver causes an accident . Property-damage can help pay for damage a driver causes to another person...