| Today there are many types of insurance policies | | | | damaged. In this way the liability policy protects |
| that are being offered by different companies. | | | | you and your pocket from paying the damage |
| This can include life, health, driver, auto insurance | | | | you have done to the other party. |
| etc. Also all states require you to have insurance | | | | - In 1897 the first auto insurance policy was |
| for your car if nothing else. This is both a good | | | | issued in Dayton which was purchased by Gilbert |
| and bad thing. | | | | J. Loomis on Travelers Insurance Company which |
| The state requires those people who drive and | | | | will protect Loomis if his car accidentally kills or |
| own cars to have their vehicle insured. This is to | | | | injured someone of if his car accidentally damaged |
| protect them as well as other innocent people | | | | the other party's property. |
| who may be involved in unexpected accidents. | | | | - Up until today liability policy is one of the auto |
| Insurance has been used for hundreds of years | | | | insurance that is being required by almost every |
| to reduce risk. Let's look a little more at some of | | | | state. The important thing is you get the required |
| the first auto insurance policies. | | | | auto insurance that the state requires and it is up |
| The first automobile insurance policy was printed | | | | to you if you want to add another policy or not. |
| by an English business in 1895. The first insurance | | | | It is important to know the different types of |
| policy was written on 1898 in the United States, | | | | policy and their benefits as well as their |
| for Dr. Martin J. Truman by the Travelers | | | | disadvantage. So that you would know what |
| Insurance Company of Hartford, Connecticut. | | | | other auto insurance you need to get or you |
| As we trace the history car insurance was trace | | | | don't need to avail. |
| back 1895, people before made this type of | | | | - Many people especially those who does not get |
| insurance for they felt that it will benefit them. It | | | | auto insurance and still use their car to drive |
| only means that auto insurance is very important | | | | around their state takes this type of insurance for |
| not only for car owners but also for those people | | | | granted. As the famous saying goes experience is |
| who will get caught in road accidents. | | | | the best teacher, other people would only realize |
| Here is some information about the first auto | | | | the importance of auto insurance after they get |
| insurance policy. | | | | caught in an accident. Some may realized it early |
| - The first car insurance policy is the liability policy. | | | | and some may realized it too late. But one thing |
| This policy covers the third party that means | | | | you have to remember that when you are on |
| when you are at fault in an accident the liability | | | | the road nothing is certain so it's best to be |
| policy will cover the other party you have | | | | prepared and insured. |