discover greebid
Would you like to react to this message? Create an account in a few clicks or log in to continue.

something about Introducing auto insurance

Go down

something about Introducing auto insurance Empty something about Introducing auto insurance

Post  obd2tool Wed Aug 01, 2012 6:12 pm

The term “full coverage” can be used by lenders and insurance companies, but a single policy offering full coverage does not exist. USA PROG Full package contains a bundle of different policies, each protecting the car owner in different ways.

Liability Car Insurance
The law only requires car owners to purchase bodily injury liability and property damage liability car policies to protect against injuries to people or damage to property that your car might cause. Full coverage bundles include both types of liability policies.

Collision
The law does not require collision insurance, but lenders can require it for financed cars. If an auto loan contract requires full coverage, then TMS370 Programmer must be purchased, which will pay for your car in the event of an auto collision.

Comprehensive
Lenders can require comprehensive insurance for financed cars, but the law does not. Comprehensive insurance pays for damage caused by some means other than an auto collision, such as a storm or fire, so if your loan contract requires full coverage, it means comprehensive insurance must be purchased.

Uninsured Motorist Property Damage
Laws and lenders do not require uninsured motorist property damage insurance. This coverage, which pays for damage to your car caused by an uninsured driver, can be bundled into an insurance package that offers full coverage.

Uninsured Motorist Bodily Injury
Uninsured motorist bodily injury insurance pays for your medical expenses for injuries caused by an uninsured driver. This type of policy can be bundled in a full ELM327 WIFI by an insurance company, but these policies have no lender or legal requirement.

obd2tool

Posts : 13
Join date : 2012-07-31

Back to top Go down

Back to top


 
Permissions in this forum:
You cannot reply to topics in this forum