Understanding the Basics of Auto Insurance
Auto insurance is a financial product designed to protect individuals against financial losses due to car accidents or other incidents. It provides coverage for damages, injuries, and fatalities.
Different Types of Auto Insurance
- Liability Insurance: Covers damages to other people or property in the event of an accident.
- Collision Insurance: Covers repairs and replacement of your vehicle if it's damaged in an accident.
- Comprehensive Insurance: Covers damages from non-accident related events, such as theft, vandalism, or natural disasters.