Auto insurance
Auto insurance protects you against financial loss if you have an accident. It is a contract between you and the insurance company.
Home insurance
Home insurance provides financial protection against disasters. A standard policy insures the home itself and the things you keep in it.
business insurance
The success of a business, whether it’s a tiny enterprise run out of a basement or a large corporation, is largely dependent on hard work and ingenuity.
Auto
Auto insurance protects you against financial loss if you have an accident. It is a contract between you and the insurance company. You agree to pay the premium and the insurance company agrees to pay your losses as defined in your policy.
Auto insurance provides property, liability and medical coverage:
Property coverage pays for damage to or theft of your car.
Liability coverage pays for your legal responsibility to others for bodily injury or property damage.
Medical coverage pays for the cost of treating injuries, rehabilitation and sometimes lost wages and funeral expenses.
An auto insurance policy is comprised of six different kinds of coverage. Most states require you to buy some, but not all, of these coverages. If you’re financing a car, your lender may also have insurance requirements. These coverages are as follow:
Bodily Injury Liability
Medical Payments or Personal Injury Protection (PIP)
Property Damage Liability
Collision
Comprehensive
Uninsured and Underinsured Motorist Coverage
Most auto policies are for six months to a year. Your insurance company should notify you by mail when it’s time to renew the policy and to pay your premium.