If you own a vehicle then you no doubt realize the risk of driving without the car insurance. In U.S. it is compulsory for the car owners to have some basic form of car insurance. Whereas there are other countries which do not have the same requirements, but that definitely doesn’t mean that driving without insurance is ever a good thing. There are various options available and given below are the few car insurance coverage recommendations that will help you decide which type of policy is the one for your car.
Full comprehensive car insurance: This type of insurance can cost you more than any of the others but it gives you the best protection. It is the only kind of policy in which you will be allowed to sign up for if you buy a car that is financed by a finance company. To protect themselves they will need you to sign up for a full comprehensive policy.
In this insurance policy you will be covered against the accidents caused both by yourself and the other drivers. There will also coverage for if your vehicle be stolen, or gets burned. Therefore, if you have the vehicle but no money to replace it if it is destroyed in an accident then this is the best kind of car insurance for you.
Third party fire and theft insurance: Policies of this category will pay out if your car should be stolen, if you make an accident by driving into somebody else’s car or if it is destroyed or damaged by fire. But it is important for you to know that it will only pay if you are the guilty party. If someone else collides with your car then you are not covered under the insurance policy.
Third party insurance: This is the most affordable type of auto insurance policy. It covers you in all those situations set out under the third party. Although in this type of policy does not cover for the fire and theft. You should consider this type of car insurance if you drive an older vehicle, but area where you live the minimum risk of theft and fire.
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