Vehicle Coverage

What Does Vehicle Coverage Mean?

Vehicle coverage applies to trucks, cars, motorcycles, and other types of road vehicles. It offers financial assistance for expenses arising from accidents involving the covered vehicle, such as medical care or vehicle repairs. Additionally, it can protect the policyholder from liability if they cause damage to another person or their property with the insured vehicle.

Insuranceopedia Explains Vehicle Coverage

Vehicle coverage, also referred to as vehicle insurance, comes in various types to suit different needs.

• Liability Insurance: Covers damages caused by the insured driver to another person or their property.
• Collision Coverage: Assists with the repair costs of the insured vehicle after a collision with another vehicle.
• Medical Payments Coverage: Covers medical expenses resulting from a vehicular accident.
• Comprehensive Coverage: Pays for damages caused by non-collision incidents, such as theft or vandalism.

Some companies offer bundled policies that combine these coverages, allowing policyholders to address multiple insurance needs with a single policy rather than purchasing separate ones.