Car Insurance

Auto insurance, sometimes called car insurance and referred to in the UK as motor insurance, is insurance consumers can purchase for cars, trucks,vans and other vehicles. Its primary use is to provide protection against losses incurred as a result of car accidents.

By buying Auto insurance, depending on the type of coverage purchased, the consumer may be protected against:

-The cost of repairing the vehicle following an accident

-The cost of purchasing a new vehicle if it is stolen or damaged beyond ecomonic repair
Legal liability claims against the driver or owner of the vehicle following the vehicle causing damage or injury to a third party.
In many countries it is compulsory to have purchased auto insurance before driving on public roads. This is to protect third parties against the financial consequences of loss, damage or injury caused by a vehicle.

Typically, coverage against loss of or damage to the driver's own vehicle is optional - one notable exception to this is in Saskatchewan, where SGI provides collision coverage (less a $700 deductible) as part of its basic insurance policy.

What is Insurance - Home

Table of Contents

What is Insurance Introduction

History of insurance

Types of insurance:

• Auto insurance
  (car insurance or motor insurance)

• Home insurance
  (homeowners insurance or household)

• Boiler insurance
  (machinery and equipment insurance)

• Title insurance

• Health Insurance
  (private and public health insurance)

• Life insurance
  (whole life or term life insurance)

• Political risk insurance

Types of insurance companies

Life insurance and saving

Criticisms of the insurance industry
(arguments for universal heathcare)