MANAGEMENT

Detailed explanation-1: -If you had subscribed for the ‘collision coverage’ in the insurance plan, the insurance company will bear your car repair expenses after the accident.

Detailed explanation-2: -Comprehensive insurance is insurance coverage that pays for the repair or replacement. Comprehensive car insurance typically covers third-party liabilities, damage from an accident, fire, natural calamity, theft, etc.

Detailed explanation-3: -Four types of insurance that most financial experts recommend include life, health, auto, and long-term disability.

Detailed explanation-4: -Collision coverage Collision pays for damage to your car resulting from a collision with an object (e.g., a telephone pole, a guard rail, a mailbox), or as a result of flipping over.

Detailed explanation-5: -Different types of general insurance include motor insurance, health insurance, travel insurance, and home insurance.