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If you get in an accident and youre uninsured, you face getting sued, losing your lifes savings and getting jail time.
Telematics car insurance monitors your driving using either a mobile phone app or a 'black box' fitted to your vehicle and bases your premium around your motoring behavior. It's generally thought to be an option preferred by young drivers, but it has potential money-saving and other benefits for a wide variety of motorists.
A home insurance covers damage which is caused by fire, windstorm, hail and vandalism. Remember it does not cover damage which is caused by earthquakes and floods.
Getting the right auto insurance is as important as finding the right car. But there are many pitfalls when buying auto insurance that can prevent you from getting the best coverage and cost you hundreds of dollars a year.
Read MoreBenefits of online car loans:Easy: It is straightforward to find all the information about different car loans online. It is also beneficial because the online applications for the loans can be submitted without any hassle and at ones own pace.
Read MoreThe EMI value will also give you an estimate of the number of months that you will be paying off the loan for.Service tax: Service tax is something you as a customer are not allowed to complain about.
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Types of car insurance:There are three types of car insurances. One is third party car insurance which is the most basic and minimum legal requirement. This pays for the damage caused to any third partys car or vehicle by you. This doesnt pay for your vehicles damage.
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