Insurance Article

Auto insurance’s major benefit is that it is a shield against financial loss in the occurrence of an accident. It is a contract between you and the insurance company in which you pay a premium and then become assured by them in case of an accident as they will cover all the necessary expenses. Medical, property and liability is covered under the auto insurance premium.

Medical coverage will cover the costs of hospital fees, rehabilitation, lost wages and funeral expenses. While liability coverage is most essential as it covers you legally regarding responsibilities you have to other parties injuries, damage to them or their property in any way. Property coverage will provide coverage to your vehicle and replacement if the car is beyond repair or has been stolen.

As always it is imperative to read the policy vigilantly to find out what you are and not covered for.