Choosing the right car insurance policy can be confusing, with so many options to choose from. But people often overlook what is probably one of the most important decisions when it comes to protecting your investment.
Bodily Injury Liability
This covers the medical expenses and lost wages of one driver involved in an accident caused by you. Bodily injury liability coverage will pay damages to the people you injure, not just the repairs or cost of the vehicle they are driving. This is important because, even if you are not at fault, you can still be liable for other driver’s costs, including medical bills and lost wages.
Property Damage
This limits the amount of damages you can be held liable for if you damage someone else’s property. It is also important to note that this is not a substitute for comprehensive coverage, which includes any and all damages up to your actual cash value. This Car insurance coverage in Thailand may only pay up to your actual cash value if the other driver decides not to accept bodily injury or property damage liability.
Bodily Injury Liability
If you have comprehensive coverage, you will also need liability coverage to ensure that your car insurance policy covers all injuries and damages to others. This coverage protects you if someone is injured as a result of an accident that was caused by you. This coverage is also important because other drivers may sue you for damages in most state accidents, even if they are the ones at fault.
Collision
This covers damage to your car or any vehicle that is involved in a crash with yours. It may also cover damage to other vehicles and property, such as traffic signs, streetlights, fences and parked cars.
Medical Payments
You may want to consider adding medical payments coverage if you are buying a used car with significant depreciation potential due to physical damage. This coverage will pay you for the cost of medical and dental treatment provided to you or a family member in an accident that was caused by another driver.
Uninsured Motorists
If you are involved in an accident with someone who does not have car insurance coverage, this type of insurance generally covers damages caused by uninsured drivers. This is a required requirement for all legal states in the US, especially if there have been injuries or damage to property