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Car insurance quote: how much do you need?

Your insurance agent can offer you a variety of car insurance depending on the type of car you own, the amount of coverage you need and the number of years you want protection for, for an annual amount, called premium.

When you are involved in a car accident, the cost of damage to the car is covered by the car insurance you choose, but this does not include damages incurred beyond the full car insurance amount. The IDV amount is approximately equal to the actual market price of the vehicle you own or the list price of your vehicle. Therefore, IDV is not a fixed value and keeps changing periodically. When auto insurance is renewed after one year, the IDV will decrease due to the amount of depreciation you will be charged after one year.

What damage does auto insurance cover?

Auto insurance will not cover all damage to your vehicle during the policy period. Coverage in the United States is usually represented by a set of three numbers separated by a hyphen, such as 20/50/30 or 100/500/100.For 100/500/100, the insurance policy will pay $100,000 per person up to $500,000 combined for all persons. The last figure covers property damage, i.e. any vehicle or other property you have had in an accident.

All-risk car insurance will mainly cover the following types of damage:

Liability coverage:
damage to your vehicle. However, the insured amount varies from jurisdiction to jurisdiction. The insured can also increase the amount of insurance cover (pre-claim) to cover any loss suffered in the accident.

If in an unfortunate circumstance, your car hits a telephone pole. In such a case, the civil liability guarantee covers the costs of damage to the post. However, it does not cover other expenses related to the damage suffered, such as the interruption of service claimed by the telephone company.

The bodily guarantee covers the insured against possible injuries during the accident, as well as against any damage to a third party following an accident. The guarantee covers legal costs and damages for which the insured is sued.

full coverage

Collision insurance covers the vehicle involved in collisions, paying to repair the damage sustained or paying the cash value of the vehicle in the event the vehicle cannot be repaired.

Comprehensive coverage covers the vehicle against damage that is not normally considered collision damage. Damage covered by this warranty is damage resulting from theft, vandalism or impact on animals. In addition, many insurance companies also include “force majeure” damage, which is any damage caused by an event or events caused by factors beyond human control, such as hurricanes. , hurricanes, tsunamis, etc.

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