| There are cases when some drivers decide to drop | | | | even including theft. Some companies provide for a |
| or allow their auto car insurance to lapse. The reason | | | | maximum of 80% of the expenses. |
| is usually because they lack funds for them to | | | | 2. Fire and Theft Auto Insurance. This is for those |
| continue the policy. Drivers who make such decisions | | | | who desire to make nominal premium payments. This |
| belong to the group who earn income on a daily basis | | | | does not actually offer monetary help at all |
| and when you analyze their group, you will realize | | | | circumstances. It only provides financial assistance |
| that the small amount they saved during the day is | | | | during a fire accident or once your car has been |
| not too large in comparison to what is earned by | | | | stolen. |
| professionals. The inability of poor drivers to pay for | | | | 3. Third Party Auto Insurance. This is considered the |
| their monthly premiums is the reason why they | | | | cheapest among all the available types of insurance |
| decide to just drop or allow the lapse of the policy. | | | | policies. However, this is unpopular for most of the |
| But at present, several insurance companies tend to | | | | people who want to take on an insurance policy |
| understand the economic condition that these poor | | | | because it only pays the car owner the least amount |
| drivers are put into. To help them, insurance | | | | possible. |
| companies introduce different kinds of policy for | | | | 4. Specialized Auto Insurance. This is suitable for cars |
| drivers who have a low economic status. These | | | | that are above 25 years of age and are actually |
| policies include the following: | | | | considered as classic models. This type of insurance |
| 1. Fully Comprehensive Car Insurance. Although this is | | | | also offers all the available benefits provided by that |
| considered the most costly among the policies | | | | of the fully comprehensive type. However, it is |
| offered to the poor, it provides maximum benefit like | | | | subject to limitation basing on the number of miles |
| being able to claim for any damage done on the car | | | | that the car can drive. |