Auto insurance protects you against financial loss if you have an accident. It is a contract between you and the insurance company. You agree to pay the premium and the insurance company agrees to pay the losses as defined in your policy. Auto insurance provides property, liability and medical coverage.
- Property coverage pays for damage to or theft of your car.
- Liability coverage pays for your legal responsibility to others for bodily injury or property damage.
- Medical coverage pays for the cost of treating injuring, rehabilitation and sometimes lost wages and funeral expenses.
This information has been provided by the Insurance Information Institute . Click the link, or call an AFS representative to find out more information.