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Car Insurance 101: What Your Policy Should Cover

Car insurance policies may exclude coverage for certain types of vehicles, such as motorcycles or boats.

Car insurance companies may offer discounts to individuals who install anti-theft devices in their vehicles.

Car insurance companies may offer discounts to individuals who have multiple vehicles insured with them.

The monthly payments on a car loan are typically made over the course of the loan term.

Car insurance policies may also include terms that require individuals to cooperate with the insurance company during the claims process.

Car insurance policies may also include terms that prohibit individuals from using their vehicle for certain types of activities, such as racing or off-roading.

Underinsured motorist insurance is a type of car insurance that provides coverage in the event that the other driver in an accident has insufficient insurance coverage.

Car insurance may also provide coverage for rental cars and other vehicles.

Car insurance policies may require individuals to notify the insurance company if they make modifications to their vehicle.

The process for filing a car insurance claim can vary depending on the insurance company and the circumstances of the claim.

Gap insurance covers the difference between the value of a car and the amount owed on a car loan.

Car loans can be secured or unsecured.

Car insurance policies typically have a term of six months or one year.

Car insurance policies may be more expensive for individuals who have had multiple accidents or traffic violations.

Car loans are often accompanied by a contract that outlines the terms of the loan.

Collision insurance is a type of car insurance that covers damage to a car in the event of an accident.

A down payment is often required for a car loan.

Car insurance companies may require individuals to have a certain level of coverage based on the value of their vehicle.

Car insurance deductibles are the amount that the insured individual must pay before insurance coverage kicks in.

Car insurance companies may deny claims if the insured individual was driving under the influence of drugs or alcohol.