From Wikipedia, the free
encyclopedia
Auto
insurance
Auto insurance protects the
policyholder against financial loss in the event of an incident involving a
vehicle they own, such as in a traffic collision.
Coverage typically
includes:
1. Property coverage, for
damage to or theft of the car;
2. Liability coverage, for the
legal responsibility to others for bodily injury or property damage;
3. Medical coverage, for the
cost of treating injuries, rehabilitation and sometimes lost wages and funeral
expenses.
Most countries, such as the United Kingdom,
require drivers to buy some, but not all, of these coverages. When a car is
used as collateral for a loan the lender usually requires specific coverage.
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