Table of Contents
- 1 Which type of insurance is required by law if a person drives an automobile?
- 2 What 2 types of insurance must all vehicles have?
- 3 What type of automobile insurance is required by law NC?
- 4 What is an insurance coverage?
- 5 What does insurance cover in a car accident?
- 6 What type of insurance covers you your passengers and your vehicle if you are in an accident that is not your fault?
Which type of insurance is required by law if a person drives an automobile?
Auto liability insurance is a type of car insurance coverage that’s required by law in most states. If you cause a car accident — in other words, if you are liable for the accident — liability coverage helps pay for the other person’s expenses.
What 2 types of insurance must all vehicles have?
The two main types of car insurance policies are liability-only and full coverage. While liability-only policies just have bodily injury and property damage liability insurance, full coverage includes comprehensive and collision insurance in addition to state-minimum coverage.
What type of automobile insurance is required by law quizlet?
Auto liability insurance is required in virtually every state.
What type of automobile insurance is required by law NC?
North Carolina Motor Vehicle Law requires that Automobile Liability coverage be continuously maintained. The minimum coverage requirements are $30,000 Bodily Injury for each person, $60,000 total Bodily Injury for all persons in an accident and $25,000 for Property Damage.
What is an insurance coverage?
Insurance coverage refers to the amount of risk or liability that is covered for an individual or entity by way of insurance services. Insurance coverage helps consumers recover financially from unexpected events, such as car accidents or the loss of an income-producing adult supporting a family.
What is the most common type of car insurance?
Bodily injury liability coverage
Bodily injury liability coverage (BI) is the most common type of auto insurance because it’s required in almost every state.
What does insurance cover in a car accident?
Collision and comprehensive coverage Collision insurance pays for damage to your car after an accident, regardless of who was at fault. It will also pay for pothole damage. Comprehensive insurance pays out if your car is stolen or damaged by anything other than a car accident.
What type of insurance covers you your passengers and your vehicle if you are in an accident that is not your fault?
Liability insurance covers any injuries that the at-fault driver causes to other drivers or passengers. In some cases, some states may be considered no-fault states. A no fault state, which means if you are in an accident, your own insurance company will pay, regardless of who is at fault.
What auto insurance is required by law in 49 states?
Auto liability insurance is mandatory in 49 states and the District of Columbia.