Different Types Of Car Insurance

If you are thinking about getting a new car, you should also include thinking about car insurance. There are different types of car insurance. One of which is car insurance type 1. Type 1 car insurance is a comprehensive kind of insurance that covers not just vehicular accidents but also incidents brought by circumstances such as riots, flood, fire, vandalism, hail storm, typhoon, animal accidents and so on. To know what suits you, take a look at the different types of car insurance available for you.

Liability Insurance

There are two types of liability coverage; liability for personal property and bodily injury. Drivers are generally required this type of insurance coverage before he is granted with driver’s license. If you get into an accident and you are liable for it, the liability insurance covers the payment.

Collision coverage

Unlike car insurance type 1, collision coverage specifically covers accidents on instances when your car hits a fixed object such as ramps, rails, lamp post or another vehicle. The insurance covers the payment for the damages on your car.

Medical insurance

Medical insurance covers payments related to hospitalization and medical bills for those who were injured while riding in your during an accident.    

Personal Injury Protection (PIP)

PIP is similar to medical insurance coverage but it has broader coverage. It provides or helps the expenses for rehabilitation, funeral costs, work loss due to impairment including hospital bills.

Underinsured/Uninsured motorist coverage

This type of insurance coverage provides financial assistance on cases when you got into a car accident and the driver of the other vehicle who is at fault does not have an insurance to cover his liabilities. In this case, even if the driver cannot provide financial assistance to you, your hospitalization and medical expenses for property damage and bodily damage will still be covered.

Comprehensive coverage

Comprehensive coverage is also known as ประกันภัยรถยนต์ชั้น1 (car insurance type 1). It covers all types of accidents and even damages that are not borne out of vehicular accidents such as storms, vandalism, fire, riots, flood and other similar instances. Talk to your car insurance agent to know more about this.