3 Basic Types of Insurance

Question 1

Do all vehicles require insurance?

Answer 1

Yes

Question 2

What is insurance used for?

Answer 2

Find life and property of individuals using vehicle or affected by the use of vehicle directly or indirectly

Question 3

what are the three basic types of insurance?

Answer 3

Third-party liability

Collision insurance coverage

Comprehensive coverage

Question 4

what happens when you operate a vehicle that is not insured?

Answer 4

5000 to 25000 fine

Question 5

What is third-party liability?

Answer 5

insurance that covers the policy holder against damage to third parties property or third party person

If hit another car, injured occupants in the car insurance only paid to prepare for vehicle Will pay for medical claims or injuries suffered by occupants of other vehicle

Question 6

What is collision insurance coverage?

Answer 6

Component of conscience appear to the temperature of a vehicle that was salt from collision of other vehicle or object

It causes damage over and above an amount insured person must pay

Question 7

What does comprehensive coverage?

Answer 7

Famous third party only policy however the third-party fine and theft policy will pay out and anything that the vehicle is stolen or set on fire