Type of Car Insurance in USA - PowerPoint PPT Presentation

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Type of Car Insurance in USA

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Auto insurance is a contract between you and the insurance company that protects you against financial loss in the event of an accident or theft. In exchange for your paying a premium, the insurance company agrees to pay your losses as outlined in your policy. Know more about types of insurance coverage. – PowerPoint PPT presentation

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Title: Type of Car Insurance in USA


1
Types of CAR INSURANCE Coverage in USA
2
Types of Car Insurance Coverage
  • Liability Coverage
  • Collision Coverage
  • Comprehensive Coverage
  • Personal Injury Protection or Pip
  • Auto Medical Payments or Med-Pay
  • Uninsured/Underinsured Motorist Coverage
  • Rental Reimbursement
  • Guaranteed Auto Protection or Gap
  • Mechanical Breakdown Insurance

3
Liability Insurance Covers Bodily Injury and
Property Damage Will Not Cover Injuries
Sustained By You and Your Passengers. Will
Not Cover Vehicle Repairs or Damages Caused By
Accidents Every Us State Requires Minimum
Liability Coverage except Mississippi, New
Hampshire, and Virginia. In Most Cases
Liability Coverage Very Low Additional
Coverage Can Save You Money If Damage to the
Property Is More Than The Minimum Coverage
Liability Coverage
4
Collision Coverage
Covers All Expenses To Fix Or Replace A
Vehicle After An Accident. Covers Damage
After A Collision Or When The Vehicle Flips On
The Highway. Most U.S. States Dont Require
Collision Insurance. It Usually Comes With
Comprehensive Coverage Depending On Your
Insurance Provider.
5
Comprehensive Coverage
Provides Protection from Damage Caused By
Theft, Vandalism, or Occurrence of Natural
Causes It Is Optional and Usually Comes
With Collision Coverage
6
Personal Injury Protection
Also Called No-Fault Insurance Covers
All Medical Expenses If You Are Injured No Matter
Who Is At Fault Cover Medical Expenses of
Drivers, Passengers, and Household Members,
Depending On Your Policy Covers Child Care,
Lost Income, and Even Funeral Expenses
7
Auto Medical Payments or Med-Pay
Medpay Usually Supplements Health
Insurance Covers Medical Expenses Of
Passengers, Household Members, And Others Listed
On The Policy. Covers Deductibles And
Copays Of Other Types Of Insurance, Including Pip
Insurance.
8
Uninsured/Underinsured Motorist Coverage
Protects You and Your Car from Drivers with
No or Insufficient Coverage. Covers
Medicals and Car Repair Bills Half of All
U.S. States Require It Relatively
Inexpensive
9
Rental Reimbursement
Covers The Cost Of A Rental Car While Your
Vehicle Is Being Fixed Under An Insurance
Claim. The Limit To What The Insurance Will
Pay Per Day Or Claim Varies According To Your
Policy. Usually Accompanied By Collision
And Comprehensive Insurance Policies. May
Also Cover Cab Fare and Public Transportation
Costs Emergency Roadside Assistance Cover
Towing Expenses If Your Car Breaks Down
Provides Assistance In The Event Of A Flat Tire,
Dead Battery or If Your Car Runs Out Of Gas
10
Guaranteed Auto Protection or Gap
Covers The Difference Or Gap Between The
Balance Of Lease Or Loan And What Your Insurance
Company Pays If The Vehicle Is Ruled A Total
Loss. Usually Optional Coverage, Unless
Your Lender Requires It Great Protection
during Worst Case Scenarios Such As Theft
11
Mechanical Breakdown Insurance
Similar To Service Contracts and Extended
Warranties Covers The Cost Of Major Repairs
To The Engine, Transmission, And Other Mechanical
Parts. Usually Paid Monthly
12
http//www.ezerodownautoinsurance.com
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