by anglel » Sun May 08, 2011 10:29 am
Young families, especially those with new children should take special care in their auto insurance purchases. Liability insurance protects you if you cause an accident. If you are frequently involved in car-pooling, the risk of potentially causing injuries to others increases, so make sure you have adequate liability insurance coverage. Since many who are starting a family are also accumulating significant assets, it is important that these assets are well protected by insurance. Newly married people often have their own autos, checking accounts and insurance policies. It is best that the auto insurance coverage be consolidated so that both names are on each vehicle’s insurance policy to make sure there is proper coverage afforded if one spouse drives another spouse’s vehicle. There are several components of an auto insurance policy that young couples should be aware of when making quote comparisons.
One of the most important aspects of your auto insurance policy is the liability coverage. Consider your liability limits very carefully and purchase as much coverage as you can reasonably afford. The liability section of the policy pays for injuries or property damage you cause when driving your vehicle. The liability coverage is divided into two sections. The first is called bodily injury coverage and it pays for injuries to others, while the property damage section pays for property damage to others. The physical damage section of your policy pays to repair your vehicle regardless of whose fault the damage is. The collision part pays to repair or replace your car if it is damaged by striking another car or a stationary object, and the comprehensive part pays for damage from other kinds of losses like hail, theft, or fire. If you have a loan on your vehicle, the lender will require physical damage coverage. Medical payments coverage, also known as Personal Injury Protection or PIP is something that you should definitely consider for your auto insurance policy.
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One of the most important aspects of your auto insurance policy is the liability coverage. Consider your liability limits very carefully and purchase as much coverage as you can reasonably afford. The liability section of the policy pays for injuries or property damage you cause when driving your vehicle. The liability coverage is divided into two sections. The first is called bodily injury coverage and it pays for injuries to others, while the property damage section pays for property damage to others. The physical damage section of your policy pays to repair your vehicle regardless of whose fault the damage is. The collision part pays to repair or replace your car if it is damaged by striking another car or a stationary object, and the comprehensive part pays for damage from other kinds of losses like hail, theft, or fire. If you have a loan on your vehicle, the lender will require physical damage coverage. Medical payments coverage, also known as Personal Injury Protection or PIP is something that you should definitely consider for your auto insurance policy.
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