Many of us know we have to have car insurance in order to get our license and tags. However there are some that don't really understand the actual policy or how it works to protect us. There are also different requirements for having a loan or lease on a vehicle rather than just owning it out right. Insurance companies ask a lot about our daily lives such as how we use the car, where we park it, and other aspects of driving to ascertain the risk we might pose to the vehicle they are covering.
Car insurance works in that we choose a level of coverage whether it is just liability or includes comprehensive and collision. There is also a choice in the amount of actual coverage regarding motorist, uninsured motorist, and medical. The amounts and type of coverage you choose is what will determine the premium you will pay on a month to month, six month, or yearly basis depending on the terms of your policy.
Friday, May 2, 2008
How Does Car Insurance Work
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2 comments:
My friend convinced me to buy an insurance policy for my car and on his recommendation I just bought one but I am not at all aware about it. What are the points that are to be considered as I got one that the agent suggested me. You have shared so many points but still I want to know more about it.
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Great post
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