Categories of car insurance

Car insurance policy can be bought for both motor vehicle and motorist too! That is, you can buy the insurance for your car and also for yourself. How? The major reason that people buy car insurance is that the can get loss recovery if his car gets damaged due to an accident or a victim is physically injured. The same concept applies on the motorist or the people vehicle where he can buy car insurance if he is hurt or injured due to the car accident.Apart from the two major categories, there are at least seven categories of car insurance among which few covers personal injury and few others cover the injury of the car! The first one is Liability Insurance  This insurance is also for protecting you but the cash or money goes to others! Weird! Well, in car accidents, you are not always the victim or others are not always the liable. Think about a case where an accident occurred where another person’s house, properties or car is damaged

and the police find you responsible for this accident! In this case, you will have to pay the person. If you have liability insurance then this scheme will cover the loos recovery payment and you wouldn't have to pay from your personal deposit.The second among the seven categories of car insurance is collision insurance where you will receive loss recovery in cash if your car is damaged due to a collision and police finds the other motorist responsible for this accident. This mostly covers the total price of the car.Comprehensive insurance is slightly different than above two cases which is applicable mostly in case of ‘incident’ instead of accidents. That is, this policy applies on these cases where your car is theft, climatic damage or any animal caused harm. The uninsured-motorist protection policy is that kind of insurance where the ‘guilty’ person who caused the accident get obligation for covering the cost out of own pocket. However, this concept is not still clearly prescribed and has still so many dilemmas.The medical or personal injury protection refers to that insurance where an injured person gets covered with financial policy. Regardless of the responsible person behind the accident, this insurance covers both victim and the liable person if any of them is injured. This is exclusively persona insurance for financial safety of a person.  No-fault insurance is rare and not in so much practice. When all others nationwide car insurance, this is very limited in few specific states in USA. Only twelve states in USA currently support this insurance policy. It works much like the personal injury policy. The difference is, it covers both person health and property! GAP insurance is the most convenient policy for especially those who bought the car by loan; still, owe huge amount of money and in this mean time he is in an accident! Many of the lenders require the customers to have this insurance policy. So, if you have your car through this process, you may have GAP insurance policy which you might not know!