Tips and Tricks: Introduction to Car Insurance

December 16, 2016

An insurance policy is no lesser value than a biding contract, a legal agreement between the policy holder and the insurance company. In the agreement, the policy holder gets to pay a premium amount and in return, the insurance company will provide the exact coverage indicated in the policy. In short, the car insurance company will act in behalf of the policy holder under circumstances that are stated in the policy.

For example, there is an accident involving you and another driver. The other party’s car was damaged, and the driver was injured. If they demand for compensation through a legal court battle, then it is the job of the insurance company to act according to your best interest. If the other party would like to make it amicable, the insurance company will pay for it and protect you from other claims.

Comments are closed.