Types of insurance policies

There are two types of insurance policies these are :
Standard
Basic
There is difference between these two:
Standard policy:
This is one of the most common insurance policy which the drivers of new jersey choose.Standard insurance Policy provides a number of various
coverage options and the opportunity to buy additional protection.
Things to keep in mind while getting
standard policy :
1)A minimum amount of Uninsured/Underinsured Motorist coverage is fixed and is required though upper limit choice belongs to you.
2) Options like Comprehensive and Collision coverage are available from the Standard Policy.
3)In case you have you chosen one of the lower PIP limits, you will still be covered for medically necessary treatment up to $250,000 for permanent or significant injuries
Basic insurance policy :
It costs less because it is not for general public but for some of the persons only like Federal Medicaid Recipients it has limited benefits.The Basic Policy can prove as a option for those with few family responsibilities and few assets to protect