Auto Insurance protects an individual against financial loss if an accident occur. It is a contract between the insured and the insurance company. The insured agree to pay the premium and the insurance company agrees to pay your losses as defined in the insurance policy.
For most Americans living in cities like Los Angeles, California, owning an car makes it easier to travel and go places. However, it can also be a source of serious financial liability. Personal liability arising from accidents or cost of repairing or replacing a damaged or stolen car, can be very costly.
Auto Insurance in Los Angeles, California
It's one reason Los Angeles auto insurance or California auto insurance is common among Americans. Los Angeles Car insurance is a policy with an auto insurance company in California, in which you agree to pay a premium that covers you protection from financial losses in an event of a car accident. However, other automobiles aside from cars can also be under insurance, like motorcyles.
California Auto Liability Insurance Policy
California auto liability insurance is compulsory based on the laws, requiring every car owners to maintain a liability insurance as a condition of licensing or use on public roadways. The same with California motorcycle insurance for motorcycle owners. Car or motorcycle insurance in California usually covers a number of coverage in one complete package: property, liability, and medical coverage.
Personal Automobile Policy
In California, the common car insurance policy is the personal automobile policy (PAP). The PAP is designed primarily for private passenger cars, but protection can be extended to cover motorcycle and other types of auto. If offers the following coverage:
Aside from the ones discussed, additional insurance coverage can also be included to a basic insurance policy. You can extend the liability to cover non-owned car or motorcycle which standard policy in California would otherwise exclude. You can also insure auto such as snowmobile, motor scooters, golf carts, antique and classic cars, where a separate policy can be purchased to cover these vehicles.
Why do you need Auto Insurance?
It's really all about protecting yourself financially.
An auto insurance policy is comprised of six different kinds of coverage. Most states requires an individual to buy a liability coverage, but not all, of these coverage. If you're financing a car, your lender may also have requirements.
Most car insurance are for six months or a year coverage. Your insurance should notify the insured by mail when it's time to renew the policy and to pay the premium.
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