what is meant by auto insurance?

by insurancebyjohn » Thu Aug 16, 2012 07:30 am

Define auto insurance

Total Comments: 6

Posted: Thu Aug 16, 2012 04:03 pm Post Subject:

Insurance for autos. Next question?

Posted: Sat Aug 18, 2012 04:13 am Post Subject:

Auto insurance is define as a policy purchased by vehicle owners to migrate costs associated with getting into an auto accident. Instead of paying out of pocket for auto accidents, people pay annual premiums to an auto insurance company then pays all or most of the costs associated with an auto accident or other vehicle damage.

Posted: Sat Aug 18, 2012 05:09 am Post Subject:

people pay annual premiums to an auto insurance company then pays all or most of the costs associated with an auto accident or other vehicle damage.


A nice thought, but it doesn't exactly work like that. You have to pay for the appropriate coverages, or you don't have the protection.

You also have to purchase sufficient liability limits of coverage. A $15,000 bodily injury liability limit will probably not cover either "all or most" of a claim involving someone who was sent to the hospital ER by ambulance. $5,000 property damage liability won't cover the costs of most fender-bender collisions.

Posted: Tue Aug 21, 2012 01:29 pm Post Subject:

You can check online for details of auto insurance. You can read details here - http://en.wikipedia.org/wiki/Vehicle_insurance

Posted: Wed Aug 22, 2012 12:58 pm Post Subject: car insurance

Auto insurance is protection. It is a contract with an insurance company. They agree to protect you from financial losses resulting from an accident, in exchange for your payment of a premium.

Posted: Wed Aug 22, 2012 07:52 pm Post Subject:

This means that your auto transporter, if properly insured, should cover any damage caused during the automobile shipping process so it is best to carefully inspect your transporter’s coverage..

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