Compulsory insurance
Most states require car owners to carry some type of car insurance before they can get a license for
their car. In these states, mandatory insurance has been introduced for car owners to cover damage
to persons and property. Laws on compulsory insurance do not allow car owners to register their
cars or obtain a driver's license without having compulsory insurance coverage. What are the
economic liability laws?
2
- The goal :Explaining
car insurance coverage
Car insurance coverage
Insurance companies offer different types of car insurance coverage. Two social sections
cover
personal and property damage. In table 20-1, you can see the different
types of car insurance
coverage.
Personal injury coverage
Personal injury coverage covers physical damage,
medical bills, and uninsured motorist coverage.
These 3 types of coverage are the basis of the amount paid by auto insurance companies.
Protection from physical harm
Motorist personal injury insurance covers sudden injuries or deaths.
This type of insurance
includes people in other cars, insured passengers and pedestrians. Insured and in most cases, the
insurance of close family members is not covered. The amount of
compensation for physical
damage is measured between the parties in 100/300 parts. First of all, it is paid by the insurance
company to each person involved in the accident.
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