What is auto insurance?
It is an agreement between you and the company that defends you against any monetary loss in the happening of an accident or theft. In trade for your paying a premium, the insurance company agrees to pay your losses as summarized in your guidelines.
Auto insurance is made obligatory by most of the states and this provides you with some economic protection in case of an accident or any misfortune. But this information is not enough for an individual to decide whether he should take up auto insurance or not. For this, you need to more about different kinds of aspects provided by various schemes. So let us learn how this works and what is obtainable from it.
Different types of Auto insurance:
• Property – This includes losses such as damage to or theft of your car.
• Liability – This includes your official responsibility to others for physical injury or assets damage.
• Medical – Inc