Car Insurance
Auto insurance is a legally binding contractual agreement between you (the insured) and the insurance company (the insurer). It protects you against gratuitous financial losses due to vehicular theft or vandalism in return for a monthly premium. Additionally, it compensates for medical expenses, vehicular and property damages. Broadly categorizing, there are two types of auto insurance u2013 commercial auto insurance and personal auto policy (PAP). Commercial auto insurance is for vehicles used primarily for commercial purposes, while PAP is for privately owned cars. Medical payments following car accidents can be quite high. For any death or bodily injury sustained in an auto accident, your PAP pays for reasonable medical and funeral expenses. PIP, on the other hand, covers you and your passengersu2019 health costs as well as resulting lost wages after an accident. Click here to learn more: https://quotezebra.com/car-insurance/
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