General Car Insurance Protects Against Loss You Can’t Afford

2007-03-08 10:33:40

( Insurance )



Car accidents are a constant risk you face as a motorist. There is no way you can predict the cost impact of an accident to you. With the help of general car insurance coverage, you can minimize your possible losses.

Your primary purpose in buying the general auto insurance cover on your car is to protect you against losses resulting from traffic accidents. General insurance should include coverage for mandatory requirements and your basic protection needs.

Most states require mandatory coverage for liabilities involving bodily injury and property damage. These will protect you against damages due to vehicle accidents where you or the operator of your car will be held legally liable.

If you got a loan to buy your car, you will be required to take out general car insurance coverage against collision, theft, fire, vandalism flooding, hail and other unforeseeable perils (which normally can be part of a comprehensive coverage). Your lender will want to make sure the vehicle stays in perfect shape until you have fully paid for it.

You may also want the general car insurance policy you buy to cover you for medical payments, uninsured or underinsured motorists. These would insure that medical care for you or your passengers will be adequately provided for. States with no-fault insurance systems will probably require you to secure medical payments coverage.

The general car insurance coverage you want may have to include third-party liability coverage. This helps protect your assets in case you are held responsible for an accident that causes serious injury or death to others. You especially need this if you live in an area where high jury awards are common.

It will be necessary for you to calculate how much general car insurance protection you need. You should consider your assets, age and income. Your premiums will depend on the coverage limits you choose. With general car insurance, you will be able to protect yourself against the losses you can’t afford.


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