Types of auto insurance policias

Auto Insurance Policy Types

Fully Comprehensive Auto Insurance It is most expensive insurance policies.Though it is expensive most of the people do this type of insurance.This type of insurance is insured all kind of the accident occur in life.If you have an accident which you haven't done,the owner of the another car,who made an accident,does n't give insurance details, you can claim for your company.If your car is lost then then you have right ti claim on your company.

you have to read your insurance policies nicely because most of the company refuse to insure 100%,choosing instead to only insure 80%, or so, of the value. The auto car insurance companies claim that doing this prevents fraudulent losses of cars where the owner of the car either no longer wants the car, or is encountering financial difficulty.

Third Party, Fire & Theft

It is the popular type of insurance and man get full pay.

In the event of the accident that you hit the another car or hit the wall then the company will not pay any amount regardless of whether of not the other person has sufficient insurance to pay for the damage done to your car.

Third Party Insurance

Third party insurance is the ‘basic’ type of insurance, and only covers circumstances where you are involved in an accident, are at fault, and hit a third party. In all other events, the auto car insurance company is not required to make a payment. As such, it is also the cheapest type of auto car insurance you can purchase. That said, this type of insurance is usually only purchased by those car owners who have an old car with little or no value.

Specialized Car Insurance

Finally, strictly speaking any car over 25 years old is considered a ‘classic’. As such, this type of car should be insured as a classic car – with all of the benefits and requirements of such. Although ‘classic’ auto car insurance usually has all of the benefits of fully comprehensive auto car insurance, one significant disadvantage that classic car insurance has is that you are usually limited to the number of road miles you can drive in any given year – so check your policy carefully.