Is auto insurance coverage mandatory? What other types of auto insurance coverage are typical? It will not provide coverage if you use your car for commercial purposes—for instance, if you deliver pizzas | Glass Coverage provides coverage from windshield damage, which is common |
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Collision reimburses you for damage to your car that occurs as a result of a collision with another vehicle or other object—e | Your policy also provides coverage if someone who is not on your policy is driving your car with your consent |
Policies are generally issued for six-month or one-year timeframes and are renewable.
reimburses you when an accident is caused by a driver who does not have auto insurance—or in the case of a hit-and-run | Understanding auto insurance—the basics Auto insurance is a contract between you and the insurance company that protects you against financial loss in the event of an accident or theft |
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It is used in many of the AEA's published research materials | In exchange for your paying a premium, the insurance company agrees to pay your losses as outlined in your policy |