| If you are a first time vehicle insurance buyer, | | | | states mandates liability insurance. With uninsured |
| knowledge on the different vehicle insurance | | | | motorist coverage, the victim of uninsured |
| coverage is important to avoid the mistake of | | | | motorist will get financial assistance with the cost |
| paying more than what you actually need. | | | | of fixing his/her vehicle and medical expenses.c. |
| There are common types of vehicle insurance | | | | Underinsured motorist coverage on the other |
| policies but not all of these are required by your | | | | hand provides assistance to the insured who is a |
| states. Although some coverage is not required | | | | victim of a careless underinsured motorist. If the |
| by the state, you may still want to consider | | | | accident was so severe and the driver who is |
| additional policy that you may consider important | | | | accountable has insufficient vehicle insurance |
| for your needs. Make sure you assess what your | | | | coverage, underinsured motorist coverage will |
| needs are so it will be easy for you to decide | | | | cover the excess cost.d. Collision coverage gives |
| how much coverage to buy. Here are the | | | | financial assistance in repairing the damage in your |
| coverage available that will be offered to you by | | | | car caused by the accident. The damage may be |
| car insurance agents:a. Liability insurance is the | | | | a result of collision with another car or object. If |
| basic vehicle insurance policy required by most | | | | you have an old car, it is not cost-efficient to buy |
| states. This policy covers injuries and the cost | | | | this coverage because the amount that you will |
| repairing damage to property and medical | | | | pay for the coverage is higher than the actual |
| assistance up to the limits when you are at fault | | | | amount of the car.e. Comprehensive coverage |
| in an accident. Minimum requirement varies | | | | protects you from events other than collision, |
| according to the state's auto insurance policy. | | | | which includes a stolen car. Comprehensive |
| However higher coverage is highly recommended | | | | coverage covers damage caused by flood, fire or |
| to ensure that the expenses are fully covered | | | | vandalism.f. Personal Injury Protection is usually |
| and the driver responsible for the accident will not | | | | required by states that follow the no-fault |
| have to pay anything. Liability insurance consists | | | | system. Under the no-fault system, the motorist |
| of bodily injury liability and property damage | | | | involved in the accident will pay for their own |
| liability.b. Uninsured Motorist Bodily Injury is | | | | expenses regardless who the at fault driver is. PIP |
| considered as an additional vehicle insurance | | | | gives financial assistance to medical expenses only |
| coverage in most states. Not all states follow the | | | | of the insured. |
| at-fault system where the driver who is | | | | Now that you are aware of the available |
| responsible for the traffic accident will pay the | | | | coverage, it is important that you review which |
| cost of the damage incurred by the victim as well | | | | coverage you really need. |
| as the medical expenses. In this regard, not all | | | | |