Everything about Car Insurance
Due to the high financial value of cars, it is highly recommended that you purchase insurance that will cover all types of possible endangerment and risks. The premium for this insurance depends on the type of car, the age of the drivers, and their claim history.
There are three main insurance options:
Mandatory Insurance:
Insurance for bodily injuries. This insurance suits its name- is mandatory to purchase! It covers only bodily injuries caused to the insured, the passengers, and pedestrians because of an accident while using the car.
Comprehensive Insurance:
This insurance protects the insured from all angles. It includes third party liability as well as:
Full coverage in case of an accident/total loss
Full coverage in case of theft
Full coverage in case of damage to a third party
There is also an option to add other coverage for radio, windshields, toeing,
and a replacement car.
Third Party Liability
This insurance covers damage that may be caused to a third party only, because of using the insured’s car. There is an option to add coverage such as toeing and windshields.