Auto Insurance is a type of insurance which is required to protect your property from the losses against traffic accidents. The property includes auto, car and motor insurance.
To buy auto insurance has become a rule in various countries where car owner or driver ensures that his property is insured. This type of insurance helps one save the worries of having to find funds in case of collision or auto repairs.
To buy auto insurance has become a rule in various countries where car owner or driver ensures that his property is insured. This type of insurance helps one save the worries of having to find funds in case of collision or auto repairs.
In this type of insurance also people have lot of myths. Myths are a thing individuals have at any point of time for anything.
Some of basic Myths are:
When one sign ups for auto insurance, he/she should not misinterpt the word no-fault insurance. If you get into accident and have no-fault insurance it doesn’t mean that you are not at fault. But the only thing it states is that the insurance company will pay for the damages whether or not you are at fault.
People think that males under the age of 25 pay more auto insurance than any others. But actually there is no such age barrier in paying up for insurance. The fact is that teenagers and senior citizens are likely to pay more for auto insurance.
Another common myth people have is collision coverage covers one in case of theft, natural disasters and accidents involving hitting the person by other vehicle. This is not true. If one wants to be covered in case of those accidents one will need comprehensive coverage. Collision coverage covers only the damage done to individual’s vehicle. Comprehensive coverage will cover all the aspects which include theft of valuable property from vehicle.
Finally if an individual has never met an accident still he needs auto insurance because in case of any accident in future auto insurance would help. Not only this it will also help one as some states have strict laws to make auto insurance required , and so if you don’t have auto insurance you can get pulled out and have to pay a hefty fine for the same.
Some of basic Myths are:
When one sign ups for auto insurance, he/she should not misinterpt the word no-fault insurance. If you get into accident and have no-fault insurance it doesn’t mean that you are not at fault. But the only thing it states is that the insurance company will pay for the damages whether or not you are at fault.
People think that males under the age of 25 pay more auto insurance than any others. But actually there is no such age barrier in paying up for insurance. The fact is that teenagers and senior citizens are likely to pay more for auto insurance.
Another common myth people have is collision coverage covers one in case of theft, natural disasters and accidents involving hitting the person by other vehicle. This is not true. If one wants to be covered in case of those accidents one will need comprehensive coverage. Collision coverage covers only the damage done to individual’s vehicle. Comprehensive coverage will cover all the aspects which include theft of valuable property from vehicle.
Finally if an individual has never met an accident still he needs auto insurance because in case of any accident in future auto insurance would help. Not only this it will also help one as some states have strict laws to make auto insurance required , and so if you don’t have auto insurance you can get pulled out and have to pay a hefty fine for the same.
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