When shopping for the best insurance policy there are many different things to consider. You will want to check with different companies. You will want to consider how much insurance you need and what your state requirements are if any. You will also want to consider if you have a loan out on your vehicle and what the loan company requires.
Liability
Liability insurance is the most basic insurance. This is what is generally required by law. Liability only covers the other vehicle or property if you are found to be at fault in an accident. If you are at fault you will be required to pay for the damages to your own vehicle.
Uninsured Motorist
Even though most states require drivers to have insurance some people still don't carry it. You will want to have the uninsured motorist included in your policy in case you are in an accident that is not your fault and the other driver does not have insurance. This will cover the damages to your car and in most cases your insurance will go after the other driver for the cost of the repairs.
Bodily Injury
Bodily injury covers you if you or your passengers are injured in an accident. Bodily injury is usually required by state law. You will want to check with your insurance provider to see if it is a state law in the state that you live.
Collision Insurance
Collision insurance is also called full coverage. Loan companies or lien holders require you to carry collision insurance on a vehicle you are paying for. If your car is worth allot of money, you may still want to carry full coverage even after it is paid for.
Gap Insurance
Gap insurance covers what the insurance company doesn't in the case of an accident where your vehicle is total loss and you owe more than what the vehicle is worth. Most people do not know about the gap insurance. It is highly recommended if you have a high interest loan that will take a long time to pay off.
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