Insurance purchased by the owner of a vehicle to cover losses due to traffic accidents or theft is called auto insurance. Auto insurance covers you from losses incurred regarding automobile usage and safeguards your financial security in the event of an accident. There are different coverages which can be used according to want. This contract is between the insurance company and owner of vechiles. Coverage will protect you regarding liability in the event of bodily injury, property damage, and medical payments, and also physical damage coverages of collision and comprehensive. The insurance company will agree to pay for losses decided on in your policy in exchange for your premium payment. Coverage of various types will pay for various kinds of damage caused. Property insurance covers any damage or theft done to your car, liability insurance covers you legally if you harm others or their property, and medical insurance covers treatment for injuries, rehabilitation, lost wages and funeral expenses.
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