Automobile Insurance Guide

AutomobileInsuranceGuidePage 1 Simply stated, Automobile Insurance is a contract between you andyour Insurance company that protects you against financial loss ifyou are in an accident. Auto policies contain a variety of coveragesthat can be purchased depending upon your needs and wants. Youagree to pay the premium, and in return, the Insurance companyagrees to pay for certain expenses as defined in your policy. Havingthe right Insurance coverage may prevent you from suffering a largefinancial loss in the event of an Automobile Automobile Insurance mandatory?Page 2Pa s required coveragesPage 3Pa s optional coveragesPage 3 How rates are determinedPage 5 When you re ready to apply for coveragePage 5 Things to keep in mindPage 6 Teen driversPage 7 Mature driversPage 7 Options for those without insurancePage 7 The following supplements are also ava

Property Damage Liability — If you damage someone’s property in an accident and you are at fault, this coverage pays for it. The minimum limit is $5,000 of coverage. Some companies offer a single limit of $35,000 which meets the bodily injury liability and property damage liability minimum requirements.

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  Liability, Property, Injury, Damage, Bodily, Property damage liability, Bodily injury liability and property damage liability

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