Basics »
Basics
Gap Insurance: Is It Needed?
Gap insurance is a kind of insurance that is usually offered to people who lease rather than buy vehicles. The usual gap insurance policy gives ...
Types Of Excess Or Deductibles
In any type of insurance an excess or a deductible is the amount that is paid by the policyholder in case an accident (or damage) ...
Uninsured Motorist
Uninsured Motorist Clause
Uninsured motorist’s clause is usually one that is commonly found in the United States that provides for any damages to the driver caused due to ...
Bodily Injury
Bodily Injury Liability: Basics
Bodily injury liability or “BI” insurance is an explicit element of a driver’s auto insurance policy that shields him or her against the expenses of injuring other people while driving. A clue to the use and nature of bodily injury liability is the word “liability,” ...
Collision Coverage
Collision Damage Waiver
Damage waiver or collision damage waiver (CDW) is additional cover that is offered when you rent a car. Such type of cover can be expensive in some countries and can add twenty to 50 percent more to the rent of the car. However, people opt ...
Collision Coverage
Collision coverage is an optional part of the car insurance policy that covers the driver or policyholder in case of a collision. Basically this type of coverage pays for the damage caused to a car in case of a collision. However it does not pay ...
Comprehensive Coverage
Comprehensive Coverage Basics
Comprehensive coverage, as the name itself suggests, is one which covers the policyholder from perils that are excluded in a basic policy. Usually people buy comprehensive coverage as a component of their auto insurance. Instead of covering just normal car accidents, this sort of insurance ...
