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7 Auto Insurance Coverage Types and What They Mean

Posted by Bulluck Law Group on Aug 14, 2017 9:00:00 AM

Auto insurance is important to everyone who has a vehicle. Not only do all states require at least a minimum level of auto insurance protection, but individuals also have a consideration for protecting personal assets as well.

All insurance policies have limits, and sustained injuries from an auto accident can result in a legal obligation for ongoing medical treatment when auto accident victims are seriously injured.


The problem with is that there are several auto insurance coverage types and each covers a specific element. The concept of "full" coverage can be different for each driver, often based on the value of their vehicle and potential financing issues.

Many lending agencies require a specific amount of insurance coverage along with protection for any potential outcome of an accident. For the typical driver, the varying types of auto protection can be confusing and understanding what they are and how they work is important.

 

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Topics: Insurance Coverage Types