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What Will Insurance Pay for After an Accident

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					 What Will Insurance Pay for
    After an Accident?
When you've been in a car accident, assuming that no one has been injured, the first question on your mind is likely: What will insurance pay for
after an accident? What your insurance will pay for largely depends on what type of coverage you have. Even within the same type of coverage,
there are wide variations in policies. While you'll have to check with your insurance carrier, a rough guide to different kinds of insurance will
illustrate the basics.



Liability
      o                   Liability coverage is the most basic form of insurance you can buy. Most states require that you have some kind of
            liability coverage before you put rubber to the road. Liability falls into two categories: bodily liability and property liability. The former
            covers medical bills for people injured in accidents you cause while the latter covers any damage to cars and other property. This
            insurance will cover you up to a certain limit, and may carry a deductible.



Collision
      o                  Collision works in the same way as property liability damage insurance, except that it covers damage made to your car.
            Property liability coverage does not cover any damage caused to your car in the event that you cause the accident or you are hit by
            an uninsured driver. The limit on collision insurance is generally the cash value of your car, so as your car declines in value, this
            type of insurance becomes more of a burden than a protection.



Uninsured Driver
      o                  Even though nearly every state requires all drivers to have insurance, many drive without insurance illegally. Uninsured
            driver insurance protects you, your property and your passengers from accidents caused by such drivers. Separate policies are
            available for property and bodily injury, with many states capping the amount of property coverage you can have at $3,500.



Rental Car
      o                  In the event that you are in a major accident, your car may be in the shop for some time. While your insurance or the
            insurance of the other party may cover the cost of your repairs, it may not cover the cost of a rental car. A rental car is necessary if
            you need your car on a daily basis, such as for transportation to and from work. This insurance is available as a separate policy or
            rider on your current insurance.

				
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Description: When you've been in a car accident, assuming that no one has been injured, the first question on your mind is likely: What will insurance pay for after an accident? What your insurance will pay for largely depends on what type of coverage you have. Even within the same type of coverage, there are wide variations in policies. While you'll have to check with your insurance carrier, a rough guide to different kinds of insurance will illustrate the basics.