The insurance rates on offer for an auto insurance in Charlotte varies from company to company and takes different aspects into consideration. In case you are confused about the annuities then here are a few frequently posed questions by many other insurance buyers who are just like you. Following are some important questions for your consideration:
1. What exactly is an auto insurance?
Auto insurance deals with the insurances that are associated with automobiles. In the case of any accidents or damages to the vehicle, these auto insurance providers bear a certain part of your expenses thereby helping you avoid a crisis.
2. What is property coverage?
The covering of the costs that are involved in the repairing of the automobile by the auto insurance comes under the category of property coverage.
3. What is the liability coverage?
Accidents are most often unexpected and in the case of your fault, you will be charged with a penalty or will have to bear the medical or property fixing costs of the victim involved in the accident. The category of liability coverage of auto insurance in Charlotte will help cover such costs thereby lowering the burden on you.
4. What is medical coverage?
It is very obvious that the people involved in an accident are bound to suffer injuries be it minor or major. In a few cases, if the victims of the accidents are unable to meet their medical bills of the surgeries or treatments involved then this category of the insurance will help by providing a certain amount of funds towards the medical bills
5. Do I have to pay back the money insurance provided me during crisis?
No, you need not pay back the money to the insurance companies. These companies usually collect regular and fixed premiums at fixed time intervals.
6. Will all my losses be covered by the auto insurance companies of Charlotte?
No. All the losses will not be covered by companies for auto insurance in Charlotte and instead a certain percentage of amount that was predetermined in the insurance contracts at the time of purchase will be reimbursed to you at the time of need. This predetermined amount depends on your current position and requirements and will be written into a contract at the time of the purchase of the insurance.
7. Can I claim an insurance if I do not have a drivers license?
No, you cannot claim auto insurance without having a license as non-drivers are bound to meet with an accident. Doing things that are new or unknown is bound to have risks involved and insurance companies do not consider such risks since it would incur them with high losses.
8. Will my lost wages due to an accident be considered under the insurance?
Yes and no. this feature totally depends upon the insurance carrier you use and the contract you agreed to.