ifydcat In most countries it is the law that you must have car insurance but still many people ignores this and drives without it. Every driver, no matter how good she/he is must have car insurance. The simple fact is that you cannot control an accident, they happen and you must be protected when they do. Not all car insurance products are equal and there are concepts that might confuse you.
Liability car insurance, in a word, is the most important aspect of car insurance. It will cover you if there is any kind of bodily or property damage. In short, it can be broken down into three parts: those two previously mentioned and uninsured coverage. Bodily injury liability coverage will protect you in an accident that you have caused while injuring someone else. It can cover anything from legitimate medical claims, as well as lost wages. If, however, you run into the wall of a building, or even a house, this is where liability for damage to property comes in. It will pay for any and all (assuming your coverage covers it) amounts of building repairs. In the final case of uninsured liability coverage, you are keeping insurance to cover for the other driver’s lack of any and all liability coverage that you would need in an accident that is not your fault.
It is important that every driver understand the difference between liability insurance and collision insurance. Liability coverage does not pay for any auto repairs–those are paid out of pocket by the driver. Collision insurance does pay repair costs in the event of any accident, whether with a moving vehicle or inanimate object. Only comprehensive insurance covers any damage resulting from a driver striking an animal.
Usually you can choose your deduction rate, i.e., it is the amount that your www.insurancequotesa.co.za company will pay you to get your car repaired. It is something like this: The higher the deduction rate, the lower is the car insurance premium. If you are leasing a vehicle or you own a fairly new car or if you are making payments to a finance company it is mandatory to have collision car insurance. If you are an owner of an older car you may want to skip this type of insurance. If your car is totally damaged the car insurance company will pay you the whole amount at which it is sold in the market, deducting the value of your deductible. If you can take the cost of replacing the car itself, you may want to leave this.
To get free online quotes in South Africa visit www.insurancequotesa.co.za
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