Bankrate’s insurance editorial team is here to help you understand what car insurance is and how it works so you can choose the right policy for your needs. What is car insurance? Car insurance is a way to protect yourself financially if you are involved in a car accident or suffer a...
What types of car insurance deductibles are there? Your auto insurance policy is a package of different coverage types. Some coverage types, like liability, may pay the other party for injuries and damages if you cause an accident. Other coverage types — such as comprehensive, collision, person...
Also known as “act of god” coverage,comprehensive insurance coveragehelps pay to fix damage to your car or possibly replace it from an incident that wasn’t a car accident. That means if your car is stolen, vandalized, or has an unexpected rendezvous with an animal, for example, comprehe...
Cars are written-off when the repair costs are too high compared to their value, or there is too much damage for the car to be safely repaired.
Your insurance policy can cover a lot of different things, but knowing what car insurance does cover can help you find the right policy for your needs.
Building coverage is insurance for the structure of your home. (It’s similar to dwelling coverage on a homeowners policy.) It pays for flood damage to things like: Electrical and plumbing systems. Water heaters. Furnaces. Foundation walls. Built-in appliances and cabinets. Permanently installed ...
The coinsurance clause will only be in effect at the event ofpropertyloss. During a loss, the insurance limit and the required amount to be used for insurance based on the coinsurance percentage are compared and must have a ratio equal to or greater than one, else, a penalty will be given...
How much insurance is enough? What are the top companies in your state? What is gap insurance and do you need it? Everything you need to know.
Understanding the concept of tort in car insurance is essential for policyholders, as it can impact claims, settlements, and even the premium rates they pay. In this article, we will delve into the world of torts in car insurance, exploring its definition, the different types of torts, and...
Buying a used car usually comes with lower expenses upfront. You can buy a used car that’s still a relatively new make or model without having to pay as much to acquire it. Insurance premiums are usually lower with used vehicles too, depending on your driving history and location. ...