| Auto Insurance policies can be divided into | | | | a collision under this policy. |
| different categories according to the coverage | | | | Some other additional coverage that an auto |
| they provide. Broadly speaking there are four | | | | insurance policy holder can buy are: |
| kinds of policies known as Collision Insurance, | | | | Property Damage Liability and Bodily Injury |
| Comprehensive Coverage Insurance, Uninsured | | | | Liability: These two policies protect the insured |
| and underinsured Motorist Coverage policies and | | | | from any claims made against him for causing |
| No Fault Automobile Insurance policy. Besides | | | | damage to property including vehicle belonging to |
| these, there are policies that take care of other | | | | another person or for causing any bodily injury or |
| needs like covering an auto loan, paying for | | | | loss of life to other individuals up to the amount |
| towing expenses or paying for the cost of a | | | | mentioned in the policy. |
| rented car while your vehicle is being repaired. | | | | Auto Lease Protection: is an additional protection |
| The most common insurance policies are: | | | | that you may add to your collision or |
| Collision: Any property damage caused to your | | | | comprehensive auto insurance policy to take care |
| vehicle due to an accident caused by any other | | | | of any gap that exists between your auto loan |
| vehicle or object is covered under this policy. The | | | | amount and the cash value of your vehicle. |
| claim amount cannot exceed the actual cash value | | | | Full Tort and Limited Tort: available only in the |
| of the vehicle and is subject to any deductible. | | | | state of Pennsylvania allows the insured to retain |
| Comprehensive: Any property damage to your | | | | unrestricted rights to bring a lawsuit against a |
| vehicle that is caused by non-collision factors like | | | | negligent party or recover expenses incurred for |
| fire, theft, vandalism, and even natural disasters | | | | certain damages. |
| like flood, hurricane or earthquake is covered | | | | Rental Expense: Known as Extended |
| under this policy. | | | | Transportation Expense Coverage, the policy |
| Uninsured Motorist Coverage (UM) and | | | | pays for a rental car while your vehicle is being |
| underinsured motorist (UIM) coverage: takes | | | | repaired or replaced. |
| cares of any injury that may result to you or to | | | | Medical Payments Insurance covers medical |
| persons insured in your policy from an accident | | | | expenses for injuries sustained in an accident |
| that takes place with another uninsured or | | | | involving any vehicle for the insured, his |
| underinsured driver or vehicle owner. Generally | | | | passengers and other parties irrespective of |
| only body injuries are covered under this policy. | | | | whose fault it is. |
| No Fault Auto Insurance Policy: Irrespective of | | | | Towing and Labor: An additional coverage option |
| who caused the accident, the insurance company | | | | that can pay for all necessary towing and labor |
| pays for the medical expenses and for the loss | | | | costs to tow your damaged vehicle to a work |
| of wages that the insured suffers on account of | | | | shop or another location. |