Auto Insurance

Auto Insurance, Auto Insurance Rates, Auto Insurance Quotes, Auto Insurance Coverage, Auto Insurance Claim

Auto insurance policies are designed to cover a specific automobile as well certain people known as the insured. There are generally three different types of parties that can qualify under your insurance policy.

The first is the named insured, the person who opens the policy. Also covered is your spouse, or any other family member who reside with you.

Since insurance coverage usually follows the car whenever it goes, as long as it is driven with your permission, or reason to believe you had permission. Liability follows your car wherever it goes. Many states limit the liability of the insured for damages to other by a permissive driver.

Another type of insured includes organizations legally responsible for the act of a covered person while using a covered automobile. For example if your boss asks you to pick up some important documents from a downtown printing company, you are technically using your vehicle for your employer’s purposes. If you were to get in an accident you could file the claim with your employer’s insurance company.

Auto insurance policies are a combination of several different coverage options, all tied up into a personal package that fits your specific needs.

Liability insurance is the most expensive aspect of insurance. Liability is designed to protect you or another insured should your negligent driving cause injury to another person or damage to their property. Negligent driving is defined as driving outside the standard of care required of the operators of an automobile.

Auto insurance policies address three separate aspects of liability: bodily insurance, property damage, and the cost of defending a lawsuit.
If your negligent driving causes injury or death to another, this is considered bodily injury, and you must pay the monetary damages that will result. These damages include medical bills, lost wages, and money to compensate for ones pain and suffering.

Liability coverage will be either single-limit amount or split-limit amount. Split-limit liability packages are the most commonly selected. The risk accepted by your insurance is expressed in terms of the minimum amount that will be covered under the policy per injured person and per accident for all injured.

The property damage portion of liability insurance pays for damages to another property caused by your negligent driving. Over fifty percent of all insurance payouts are made for property damages, and not bodily injuries.

Auto Insurance, Auto Insurance Rates, Auto Insurance Quotes, Auto Insurance Coverage, Auto Insurance Claim