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Automobile Insurance coverage policies can be divided into various categories according to the coverage they offer. Broadly speaking there are four kinds of policies recognized as Collision Insurance, Thorough Coverage Insurance, Uninsured and underinsured Motorist Coverage policies and No Fault Automobile Insurance coverage policy. Apart from these, there are policies that take care of other wants like covering an automobile loan, paying for towing expenditures or paying for the price of a rented car although your car is getting repaired. The most widespread insurance coverage policies are: Collision:  Any property harm brought on to your car due to an accident triggered by any other vehicle or object is covered under this policy. The claim amount can't exceed the actual money value of the vehicle and is subject to any deductible. Thorough: Any house damage to your vehicle that is brought on by non-collision factors like fire, theft, vandalism, and even 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 could result to you or to persons insured in your policy from an accident that takes place with an additional uninsured or underinsured driver or car owner. Typically only physique injuries are covered beneath this policy. No Fault Auto Insurance Policy: Irrespective of who caused the accident, the insurance organization pays for the medical costs and for the loss of wages that the insured suffers on account of a collision below this policy. florida auto insurance Some other added coverage that an automobile insurance coverage policy holder can purchase are: Home Damage Liability and Bodily Injury Liability: These two policies shield the insured from any claims created against him for causing damage to property which includes vehicle belonging to yet another individual or for causing any bodily injury or loss of life to other men and women up to the quantity mentioned in the policy. Auto Lease Protection: is an extra protection that you might add to your collision or thorough automobile insurance policy to take care of any gap that exists amongst your automobile loan amount and the cash value of your car. Full Tort and Limited Tort: accessible only in the state of Pennsylvania permits the insured to retain unrestricted rights to bring a lawsuit against a negligent celebration or recover expenses incurred for certain damages. florida car insurance Rental Expense: Known as Extended Transportation Expense Coverage, the policy pays for a rental automobile even though your automobile is becoming repaired or replaced. Medical Payments Insurance coverage covers medical 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 required towing and labor charges to tow your damaged vehicle to a perform shop or another location.