What is the type of insurance that covers damage to your own car?

Comprehensive insurance can help cover damage to your car caused by theft, fire, hail, or acts of vandalism. If a covered risk damages your car, comprehensive coverage can help you pay for the repair or replacement of your vehicle (up to the actual cash value of the vehicle). Liability coverage is mandatory in most U.S. states.

UU. as a legal requirement for driving a car. Liability insurance can help cover damage from injuries and damage to other people's property for which you are legally responsible as a result of a covered accident. Collision insurance can cover damage to your car after an accident involving another vehicle and can help repair or replace a covered vehicle.

Comprehensive insurance can provide an additional level of coverage in the event of an accident involving another vehicle. You can help pay for damage to your car caused by incidents in addition to collisions, such as vandalism, certain weather events, and accidents involving animals. Uninsured motorist insurance can protect you and your car against uninsured drivers and hit and run accidents. This coverage is often accompanied by underinsured motorist insurance.

Many drivers choose to have the minimum liability coverage to save money, but this may not provide them with enough coverage. Underinsured motorist insurance can protect you in the event of an accident with a driver whose insurance isn't enough to cover the costs. Medical costs after an accident can be very expensive. Medical payment coverage can help pay for medical costs related to a covered accident, regardless of who is at fault.

This coverage covers the treatment of injuries to the driver and passengers of the policyholder's car. More generally, the PIP can cover medical payments, lost wages, and the cost of replacing the services normally provided by a person injured in a car accident. It can also cover funeral expenses. Better yet, insurance companies don't rule out forgetfulness or meaningless mistakes, so if your car is stolen because you left your keys inside or if the car slips out of the driveway onto the road, your insurance will likely cover the damage.

If you're not at fault, your insurance company can try to recover the amount it paid you from the other driver's insurance company, and if they're successful, they'll also reimburse your deductible. The final insurance policy premium for any policy is determined by the insurance company upon application. For example, if you were breaking the law when your car was damaged, such as driving under the influence of alcohol or without a valid license, your insurance company could deny the claim. Self-harm covered by your insurance includes damage caused by inattention, such as if your car leaves your driveway and falls into a ditch.

If you have collision coverage, you'll also be covered for damage to your car if you hit a car or other object. No, liability insurance only covers damage you cause to other people or your property, up to the limits of your insurance policy. On the other hand, if you veer off the road to avoid hitting a squirrel and you accidentally hit a fence post, your collision coverage would pay for the damage to your car and your liability insurance would pay for the damage you caused to someone else's fence. Comprehensive insurance is generally sold with a separate deductible, although some insurers may offer the basic part of coverage without a deductible.

If you set fire to your car for insurance money or bring a golf club to your spouse's car in a fit of anger, your insurance company won't cover the damage. For example, if you only have liability coverage and you accidentally damage your car, your insurance company won't pay for it, since liability insurance only covers damage you cause to other people, not to yourself. Likewise, if your car moves and damages someone else's car, your insurance will likely cover it.

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