For example, collision insurance covers damages to your vehicle caused by a collision with another object (usually when you are at fault), while under - insured motorist insurance
pays for damages to your vehicle caused by another motorist who does not have the insurance necessary to cover the damages.
Just like one can not expect to purchase auto insurance coverage after getting into a car wreck and expect the insurance company to
pay for the damages to the vehicle one can not purchase disability insurance or health insurance after a disability or after becoming sick and expect the insurance company to pay up.
The policy premiums are likely to see a rise after a claim is made because the insurer will have to
pay for damages to your vehicle as well as damage to... (more) February 28, 2011
In the report, claims under property damage liability coverage, the insurance that
pays for damage to vehicles struck by an at - fault driver, were filed 16 percent less often for S60s than other midsize luxury cars.
Uninsured / Underinsured Motorist Coverage (UM / UIM)- This coverage
pays for damages to your vehicle caused by a driver that does not have car insurance or whose insurance does not cover enough of the expense of damages caused by a traffic accident.
Claims under property damage liability coverage — the insurance that
pays for damage to vehicles that an at - fault driver hits — were filed 27 percent less often for the XC60 than other midsize luxury SUVs.