The term car also includes motor car and auto car. Generally this type of insurance is done for the vehicles which are for the transaction through a road. So the question appear in your mind that, why you the vehicle insurance? The vehicle insurance generally is done for the safety of damage of your vehicle.
Hi there !! Today we’ll learn something about the car insurance. You may have heard about life insurance. Well, life insurance is for Life. Like life insurance car insurance is for car.
The term car also includes motor car and auto car. Generally this type of insurance is done for the vehicles which are for the transaction through a road. So the question appear in your mind that, why you the vehicle insurance? The vehicle insurance generally is done for the safety of damage of your vehicle. On the road, your car or other types of vehicle can be damaged by other types of vehicle. So you should do the vehicle insurance. Sometimes it is seen that, if you have a low class vehicle, but in an offer you can get benefit from the insurance. Also generally, the rules and regulations may vary from one state to other.
So lets discuss the area of coverage area of this car insurance:
- The party which got insured may get medical treatment.
- The damage of property
- The physical damage of the vehicle which is under the insurance.
- Involved third parties, that is people, other property etc.
- Other third parties such as fire, theft.
- If your vehicle or car got damage, then the fee to rent a new car or vehicle.
There is also a topic which may include in the car insurance, which is called GAP insurance. When we’ll discuss about GAP insurance? When the total loss and the market value of vehicle is less than the amount that is owed to the bank, which is support in the case of finance of the vehicle.
