What My Daughter’s Insurance Company Is Not Telling Me About Auto & Home Insurance
Daughter’s Insurance ; Insurance is something that every person is looking for when he/she is buying car and home insurance. It is a kind of a protection which we get by paying some money. Many people have an idea that when they get auto insurance, they get paid by their insurer if any mishap occurs during driving. It is not that people will be paid if anything goes wrong while driving, rather this is the kind of an agreement that they have made with their insurers.
However, as soon as the mishaps are caused by other drivers, the matter goes in another direction and the money is not paid by the insurers. As I don’t have a car yet, but my daughter does, and when she was getting auto insurance policy, I was very eager to know whether she will get paid if she is involved in any mishap. However, I was surprised to see that insurance companies are not providing the same facility.
Now, I am writing this article for those people who have bought the car insurance and want to know how their auto insurer will pay them if a mishap occurs.Daughter’s Insurance .
Types of insurances available in the market
There are three types of insurances that are available in the market. First, it is the basic or comprehensive insurance. Second, it is the third party insurance. Thirdly, it is the medical insurance. Let us discuss each of these type of insurance in detail.
Basic or Comprehensive insurance
Basic insurance is the one which is a kind of a coverage for all the damage that has occurred during the driving.Daughter’s Insurance .
It covers the costs of repairing the damaged parts of the vehicle, replacing the lost items, etc.
Comprehensive insurance is also known as all-inclusive insurance, as it covers everything. There are various types of comprehensive insurances like comprehensive car insurance, home insurance, etc.
Third Party insurance
This insurance is also known as third-party insurance. It is mainly used to cover the risks that the driver has with respect to others.
The reason behind its existence is that the liability of the driver toward others is increased. So, if the driver is injured or killed in a collision, then the insurer will be liable to pay for the damages.Daughter’s Insurance .
When the driver is hospitalized due to the injury, then this is known as the medical insurance. The benefits of this type of insurance are that if the driver is under the age of 25 and has no previous medical history, then the hospitalization and treatment charges will be paid by the insurer.Daughter’s Insurance .
Home And Automobile Insurance: The Best Way To Save Money
We all know that insurance is something that you have to pay for. But it is very difficult to decide which one will be better for you to spend your money. In this article, I am going to share with you a couple of things that you may not know about your car and home insurance, that will save your money.
Your policy should cover you when something goes wrong. But you might be surprised to know that it isn’t always covered.Daughter’s Insurance
This is a major thing that you must check before buying your car insurance policy. Your home insurance policy will cover any damages done to your property, but the auto insurance company doesn’t guarantee you anything.
It is common that most of the policies that you are purchasing cover your entire family but the coverage is limited to the number of people who are living in the house at that time.
The list below shows what is covered and what is not covered.
Damage to your property. This covers your walls, floor, roof, windows and doors.
Any damage to your vehicle. This includes your tires, engine and transmission.
Any damage to the contents of your vehicle. This is your car stereo, phone, GPS, laptop and other expensive items.
Personal Injury. This is when you get hurt due to someone else’s negligence. This could happen while you are driving or when you are in your house.
In short, these were the three main types of insurance that are available in the market. It is important for every driver to know about the difference between these three types of insurances and also their benefits and drawbacks.