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Comprehensive coverage. Protects your car from theft, vandalism, weather damage and other non-accident events. ... Liability coverage is the backbone of your policy and is required by law in most ...
And if you lease your car, you may even have to purchase a certain amount of liability coverage — often 100/300/50 — as part of the lease agreement. Your coverage levels may also depend on the ...
For instance, if your car's value has dropped to $25,000 but you still owe $30,000 on your loan, gap insurance would cover that $5,000 difference if your car is totaled or stolen.
Vehicle insurance in the United States (also known as car insurance or auto insurance) is designed to cover the risk of financial liability or the loss of a motor vehicle that the owner may face if their vehicle is involved in a collision that results in property or physical damage. Most states require a motor vehicle owner to carry some ...
With minimum liability coverage, you miss out on physical damage coverage for your car. If you want the insurance company to pay for repairs to your car in a covered claim, consider full coverage ...
States set minimum coverage amounts for bodily liability coverage, but many drivers buy more insurance than the minimum. That helps to protect their personal assets, such as bank accounts or their ...
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