Different Types Of Car Insurance

      7 Comments on Different Types Of Car Insurance

Different Types Of Car Insurance

Different types of car insurance may provide coverage for six or seven varied episodes or events. A car insurance policy has different guidelines and procedures depending on the chosen type of insurance. Since accidents are inevitable and they do happen, these accidents may incur financial responsibility. Whether it is minor or major damage, you will be held accountable to settle the damages; that is why car insurance is important.

Car insurance policies typically are divided into two categories: the first-party liability and the third party liability. The first-party is the owner of the insurance policy and the third party is the other person involved in an accident with the first party. The first party may have caused damage to the third parties property. For a more comprehensive examination of the different types of car insurance policies let’s consider the following list in the above video.

7 thoughts on “Different Types Of Car Insurance

  1. Jax Kat

    Auto insurance is not a legal requirement.. but "financial responsibility" is..if you have a custom or exotic car you may not be able to get insurance and will need to post a cash bond in lieu.. thus meeting the law..


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