What are the types of auto insurance coverage available?
Liability auto insurance pays up to the specified limits and limitations of bodily injury and property damages incurred by third parties if the insured is found liable as a result of an automobile accident. Without coverage, the liable party would be responsible for paying the third parties’ damages and may be forced to pay from the equity of a house or vehicle. Having this type of protection helps in the event of unforeseen accidents and the associated costs. No Fault Insurance coverage, also known as Personal Injury Protection or PIP, is coverage which applies to a driver, passengers and any pedestrians involved in an automobile accident. It pays up to the policy limits for medical expenses, loss of wages, and other related injuries regardless of who is at fault and even if there is negligence involved. Medical payments auto insurance portion of a policy is designed to pay some of the medical consequences that may result from an accident such as medical bills and/or funeral expenses
