insurance protects you against financial loss if you
have an accident. It is a contract between you and
the insurance company. You agree to pay the premium
and the insurance company agrees to pay your losses
as defined in your policy.
Auto insurance provides property, liability and
coverage pays for damage to or theft of your
coverage pays for your legal responsibility to
others for bodily injury or property damage.
coverage pays for the cost of treating injuries,
rehabilitation and sometimes lost wages and
auto insurance policy is comprised of six different
kinds of coverage. Most states require you to buy
some, but not all, of these coverages. If you're
financing a car, your lender may also have insurance
requirements. These coverages are as follow:
Bodily Injury Liability
Medical Payments or Personal Injury Protection (PIP)
Property Damage Liability
Uninsured and Underinsured Motorist Coverage
Most auto policies are for six months to a year.
Your insurance company should notify you by mail
when itís time to renew the policy and to pay your