Having automobile insurance protects you and others in the case of an accident.
Whether you lease, finance, or own your car, it is mandatory to have car insurance. However, in order to be eligible for car insurance, certain conditions and restrictions apply.
Auto insurance provides coverage if you are found liable for causing injury to someone or damaging property. It also provides medical and rehabilitation aid above the government health insurance plan, as well as any physical damage to your own vehicle.
Types of car insurance include:
- Liability Coverage – If you injure someone or damage property, payments are made on your behalf.
- Direct Compensation – Damages to your car are covered if you’re not at fault.
- Uninsured Automobile Coverage – Medical costs and damage are covered if an uninsured driver is at fault.
- Accident Benefits Coverage – Regardless of who is at fault, medical and other expenses you are entitled to receive are covered.
There are benefits to having automobile and property insurance with the same insurer.