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Mortgage, Automobile loan, student load, insurance
One of the most common types of casualty insurance is automobile insurance. In the event that a driver was at fault in an automobile accident, the insurance will cover the medical expenses, repairs. One can apply for casualty insurance by shopping around for an insurance agent and registering with them.
It does cover your liability for property damage and medical expenses if you were at fault. If you have collision insurance, your vehicle will also be covered.
Car insurance wont cover health insurance. Car insurance will cover any medical bills related to an automobile accident you are involved in though. If you were in an automobile accident, contact your auto insurance company right away.
Your own liability insurance will never pay for the damage to your property or for your medical expenses. Your collision insurance pays for damage to your property, if it is your fault. Your Uninsured Motorist Insurance or Underinsured Motorist Insurance pays for damage to your property if caused by someone else who is uninsured or under-insured. Your liability insurance will pay for the damage to someone else's property or for someone else's medical expenses, if it is your fault. Someone else's liability insurance will pay for the damage to your property or for your medical expenses, if it is their fault.
Medical payments coverage generally pays a portion of medical expenses incurred as a result of a collision and resulting injuries. Similar to Personal Injury Protection coverage, it pays expenses without regard to fault for the collision. It can fill in some of the gaps of coverage that may occur in Personal Injury Protection coverage, such as a high deductible. It may also be triggered when all of the benefits of Personal Injury Protection coverage are used, and pay additional medical expenses incurred. This coverage has nothing to do with physical damage to the vehicle. It pays benefits only for medical expenses incurred from the collision.
GMAC offers car insurance which covers liability for body injury, liability for damage to property, car collision, medical expenses, uninsured/underinsured motorist coverage and personal injury protection.
The decrease in cash is likely due to the prepayment of expenses, where cash is used to pay for future expenses in advance. This leads to an increase in prepaid expenses on the balance sheet as the expenses are prepaid but not yet incurred. Over time, as the prepaid expenses are used up, they are expensed and cash balances will start to increase again.
Your PIP insurance will in most cases cover your medical expenses even if you do not possess the required health insurance in Texas. This would pay for your medical expenses in a wreck.
Simply stated, automobile insurance is a contract between you and your insurance company that protects you against financial loss if you are in an accident. Auto policies contain a variety of coverage's that can be purchased depending upon your needs and wants. You agree to pay the premium, and in return, the insurance company agrees to pay for certain expenses as defined in your policy. Having the right insurance coverage may prevent you from suffering a large financial loss in the event of an automobile accident.
Which of these provides the funds needed for expenses such as property taxes, homeowners insurance, mortgage insurance, etc.?
I'm pretty sure this depends on who is the insurance company, but most travel insurance policies will cover emergency medical expenses. For every day medical expenses, you will have to talk to your every day insurance company.