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What’s the Difference Between Liability, Collision, and Comprehensive?

What’s the Difference Between Liability, Collision, and Comprehensive?

Shopping for auto insurance in NM? Understanding the basic components of a vehicle policy can help you choose the best type to meet your needs. Here’s a quick breakdown of liability, collision and comprehensive coverages, along with what types of claims each one usually handles. Liability: An Insurance Basic The liability component of your policy pays for damages related to third-party personal injuries, death and property damage resulting from an automobile accident. For vehicular insurance in NM, the state has…

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