What am I expecting from my motor insurance policy?

What am I expecting from my motor insurance policy?

A motor insurance policy is a financial product that provides protection for you and your vehicle in the event of an accident, theft, or other covered loss. Depending on the type of policy you have, your motor insurance may provide coverage for:

1. Liability: Liability coverage helps to protect you financially if you are found to be at fault in an accident that causes injury or property damage to another person. It can cover the costs of medical bills, legal fees, and other damages.
2. Collision: Collision coverage helps to pay for damages to your vehicle if you are involved in an accident, regardless of who is at fault. This can help to repair or replace your vehicle if it is damaged in an accident.
3. Comprehensive: Comprehensive coverage helps to pay for damages to your vehicle from non-collision events, such as theft, vandalism, or natural disasters.
4. Medical expenses: Some motor insurance policies may also provide coverage for medical expenses resulting from an accident, including the costs of ambulance rides, hospital stays, and other medical treatments.
5. Uninsured/underinsured motorist: This type of coverage can help to protect you if you are involved in an accident with a driver who is uninsured or underinsured. It can cover the costs of damages and injuries that are not covered by the other driver's insurance.

It's important to carefully review the terms of your motor insurance policy to understand exactly what is and is not covered. Be sure to ask your insurance agent or company any questions you have about your policy coverage.