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Auto Insurance policies can be divided into various categories according to the coverage they provide. Broadly speaking there are 4 kinds of policies known as Collision Insurance, Extensive Coverage Insurance coverage, Uninsured and underinsured Motorist Coverage policies and No Fault Automobile Insurance coverage policy. Besides these, there are policies that take care of other demands like covering an auto loan, paying for towing expenses or paying for the price of a rented car while your car is becoming repaired. The most common insurance coverage policies are:

Collision: Any home harm brought on to your automobile due to an accident triggered by any other automobile or object is covered below this policy. The claim amount can't exceed the actual money value of the vehicle and is subject to any deductible.

Extensive: Any home harm to your vehicle that is brought on by non-collision variables like fire, theft, vandalism, and even all-natural disasters like flood, hurricane or earthquake is covered beneath this policy.

Uninsured Motorist Coverage (UM) and underinsured motorist (UIM) coverage: takes cares of any injury that may possibly outcome to you or to persons insured in your policy from an accident that requires place with another uninsured or underinsured driver or car owner. Normally only body injuries are covered below this policy.

No Fault Automobile Insurance Policy: Irrespective of who triggered the accident, the insurance coverage business pays for the health-related expenses and for the loss of wages that the insured suffers on account of a collision below this policy.

Some other extra coverage that an automobile insurance policy holder can buy are:

Property Harm Liability and Bodily Injury Liability: These two policies safeguard the insured from any claims made against him for causing damage to house including automobile belonging to another individual or for causing any bodily injury or loss of life to other folks up to the quantity talked about in the policy.

Auto Lease Protection: is an added protection that you may add to your collision or extensive automobile insurance policy to take care of any gap that exists among your auto loan amount and the money worth of your automobile.

Full Tort and Limited Tort: available only in the state of Pennsylvania allows the insured to retain unrestricted rights to bring a lawsuit against a negligent celebration or recover expenditures incurred for particular damages.

Rental Expense: Recognized as Extended Transportation Expense Coverage, the policy pays for a rental auto although your automobile is getting repaired or replaced.

Medical Payments Insurance coverage covers healthcare costs for injuries sustained in an accident involving any car for the insured, his passengers and other parties irrespective of whose fault it is.

Towing and Labor: An extra coverage option that can spend for all needed towing and labor costs to tow your damaged automobile to a operate shop or one more place. arizona car insurance alaska auto insurance automobile insurance quote