What are the advantages of having car insurance?
December 17, 2021 (Investorideas.com Newswire) Let us say that an accident happened quickly on the road. If you are responsible for damage, you need car insurance that you can rely on. Such a policy is mandatory for everyone who drives a motor vehicle on public roads. Find out what to look for when choosing a policy from the best auto insurance companies and what benefits you gain.
There are several benefits that a person reaps if his car is registered with insurance, and these are:
- Car insurance protects individuals from material losses and society from conflicts between individuals due to accidents.
- Car insurance compensates the owner or other passengers in the case of an accident.
- Car insurance protects against natural disasters where compensation is made for any loss or damage caused to the car due to rain, torrential rain, storms, fire, or otherwise.
- The insurance guarantees the damage repair, at the main car dealership that provides him with original spare parts and high-quality repair.
- Car insurance is a substitute for your daily obligations. If your car breaks down, the person can be given insurance to rent an alternative car until the insured car is repaired.
What are the types of car insurance?
There are two main types of car insurance:
First: Third-party insurance:
It is called third-party insurance, where the insurance company bears compensation for damages resulting from accidents to the other party (other than the insurance owner).
Second: Comprehensive insurance:
It is optional and it covers damages for you and others. It is insurance against third parties and also insurance for you.
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