In this type of insurance auto insurance provide cover to the auto insurance policy holder against financial loss in the event of an accident, involving a vehicle that they own such as a traffic accident or collision. An Auto insurance coverage typically includes:
1. Property coverage, for damage to or theft of a vehicle
2. Liability coverage, bodily injuries and damages or the property.
3. Medical Coverage, for the legal responsibility to others injuries, rehabilitates and some time wages losses and funereal expenses .
Most countries such as United Kingdom require driver to buy some, but not all, for these coverages. When a car is used as a collateral for a loan than lender usually requires a specific coverage from this Auto insurance policy.
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