A Guide to Auto Insurance Coverage
Vehicles face a wide variety of risks, including collision, arson, theft, and natural disasters. Therefore, auto insurance coverage protects your vehicle from such threats. This insurance compensates the owner after an accident caused by another person. Auto insurance also helps you pay someone else for an accident you caused or in cases where both parties are responsible. If you use your vehicle as collateral when getting a loan, you may protect the lender by obtaining auto insurance coverage.