Insurance coverage is the amount of money that carried through out the maturity period of insurance. The types of insurance coverage include collision coverage, comprehensive coverage, liability coverage, fire coverage, and personal injury protection coverage.
Bodily injury coverage: Bodily injury coverage gives protection to the person who injured due to accidents. This type of coverage is more useful for drivers.
Physical damage coverage: There are two types of coverage under physical damage coverage. These are collision coverage and comprehensive coverage.
- Collision coverage: Collision coverage handles damage or loss related to vehicle from accident and road obstruction. Collision coverage is a type of car insurance coverage.
- Comprehensive coverage: Comprehensive coverage handles damage related to vehicle from flood, fire, gets stolen or damaged by animals.
Liability coverage: Liability insurance covers the costs associated with bodily injuries and property damages. The types of liability coverage are bodily injury liability, property damage, and property protection coverage.
- Bodily injury liability coverage: Bodily injury covers costs associated with personal injuries. Bodily injury protection covers medical bills, doctor visits, and long term nursing care bills.
- Property damage liability: Property damage liability covers the damages that cause to third party properties such as, vehicles, garages, street lights, and buildings.
- Property protection coverage: Property protection coverage handles the damages that occur to fixed and stationary structures such as parking vehicles, and buildings.
Gap insurance coverage: Gap insurance coverage is necessary for those who buy new vehicles.
