Personal Auto and Commercial Insurance.
Car insurance is an insurance contract that covers the risks created by driving a car in the event of causing an accident.
There is a basic modality, the contracting of which is mandatory for the owners of all vehicles, called compulsory automobile insurance, which covers the civil liability of the owner and the driver of the vehicle —in the event that they are not the same person— for damages and injuries caused to third parties. It also includes apostolic defense up to certain limits. This modality is regulated in detail by state regulations.
Along with this basic modality, other voluntary supplements can be contracted: what is called voluntary civil liability insurance, which covers possible compensation to third parties above the amounts included in the compulsory insurance; occupant insurance, the same as the previous one but specifically for the occupants of the vehicle; own damage insurance or all-risk insurance, for damage that the insured’s own vehicle may suffer; window insurance, for damage to the windows of the vehicle itself, is a subspecies of the previous one; the driver’s accident insurance, which is insurance on the life of the driver himself, since he is not covered by compulsory insurance; legal defense insurance as long as it is not covered by the compulsory one; travel assistance, etc.
There is also the “excess” variant that is used above all in comprehensive car insurance that instead of covering the total loss, only does so from an amount that the insured supports.
There are no basic modalities, they are called coverages and their characteristics are the following:
· Civil Liability Coverage: this coverage only covers the damages or injuries caused by the vehicle that is insured to third parties, whether in their goods or persons, the theft of the vehicle and its damages are excluded.
· Limited Coverage: this coverage covers damage or injuries caused by the insured vehicle to third parties, whether in their property or persons, and the theft of the vehicle is also covered. Damage to the insured vehicle is not covered by this coverage.
· Comprehensive Coverage: this coverage covers the damages or injuries caused by the vehicle that is insured to third parties, whether in their property or persons, the theft of the vehicle is covered and damage to the insured vehicle is also covered.
In each coverage, including the legal defense, the amount for which the insurance company will respond is specified.
There are other coverages that each person chooses, just like the previous ones, if they need them or not, these are:
- Adaptations or conversions.
- Driver accidents.
- Roadside Assistance or Roadside Assistance.
Recrational Vehicle.
RV insurance can protect your RV, travel trailer, camper, etc.
Insurance companies in this field often offer packages that include other coverage more or less directly related to home or family life, such as civil liability insurance, travel assistance insurance, legal assistance insurance, etc.
Recreational vehicles that are for personal and recreational use may be insured in order to enjoy a safe trip.
home insurance.
Multi-risk home insurance is the insurance by which the owner or possessor of a home (or in other varieties, of commercial premises) tries to cover himself against the risks that it suffers damage of various kinds: derived from electrical short circuits, breakage of pipes, various breakdowns, domestic accidents, caused by storms, theft, etc. Also for civil liability caused by damages or injuries that may be caused to other people or their property from the home, such as objects falling from windows or balconies, flooding on lower floors, etc. It usually includes a breakdown repair service.
Insurance companies in this field often offer packages that include other coverage more or less directly related to home or family life, such as civil liability insurance, travel assistance insurance, legal assistance insurance, etc.
General Liability.
A Civil Liability insurance for Self-Employed covers material, personal or economic damage that may be accidentally caused to third parties while working. The limit of this coverage is something that you agree with the insurer at the time you take out your insurance, taking into account the risks of your profession.
Work compensation.
Workers’ compensation insurance is a specific type of insurance that helps business owners provide wages and medical benefits to employees who have been injured on the job. In most states, workers’ compensation is required by law.
Obamacare.
Obamacare is the Affordable Care and Patient Protection Act. The primary goal is to reduce the rising cost of health care by taking steps to make health insurance more available and affordable to those who need it most.
