Three. Car insurance (automobile insurance)

Three. Car insurance (automobile insurance)
It is a type of insurance required in most U.S. states. Uninsured cars are simply not registered. Moreover, for example, in New York you will need to have not just one, but three types of insurance:
A. No-faultinsu ranee - to compensate for the loss of all persons injured in the accident, which took part your car, which is paid in any case, regardless of your guilt, as well as for reimbursement of medical expenses and income that you lost due to accidents.
Two. Laibilityinsurance - to compensate for the damage done by you to other people or their property;
Three. Uninsured motorist protection - to compensate for the damage you are uninsured driver.
This latter type is provided only to the laws of the State of New York, the minimum amount of insurance on it is 10,000 dollars. The maximum amount of the first type is 50 000 dollars, the minimum on the second - 5000.
In addition to these compulsory insurance, there are many more. For example, health insurance for the accident, regardless of the perpetrator, in excess of the minimum, phisical damage coverage, that is, insurance against any damage to the machine, regardless of their causes, ranging from theft, the effect of your insurance may be extended not only throughout the territory of the United Statesbut also in Canada, and much more.
Here we note that the minimum insurance, we recommend buying only if you have a used car that you can more easily take to a landfill than to pay for the repair of an accident or breakdown. In all other cases, the minimum coverage is not enough to achieve an acceptable level of financial security in case of unforeseen circumstances.
You need to know the term deductible, which means the minimum level of damages for which the insurance company begins to fulfill the contract and to compensate for your loss. Lower costs, not including the special case of insurance, automotive glass, the company is not obligated to reimburse. This sum is determined when the contract is less than $ 100, it can not be. So in the event of an accident, the consequences of which have cost you $ 99, the entire amount you pay yourself, and costs $ 101 will cover the company, and in this case, it compensates you $ 1.
This amount can be prohibitively high and range from 500 to 3000 dollars and even more the case if you take a car. But in this case can proceed in another way, for example, to buy the so-called Collision Damage Waiver (CDW) - Exemption from payment for the damage that will cost about 12 dollars a day. You can buy just the insurance on the appropriate number of days. Whatever it was, but without any type of insurance a car you just do not give.