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auto insurance questions: |
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·
What is bodily injury liability
insurance?
· What is property
damage liability insurance?
· What is collision
insurance?
· What is comprehensive
insurance?
· What is medical
payments insurance?
· What is uninsured
motorist coverage?
· What is an umbrella
policy? |
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What is bodily injury liability
insurance?
This type of insurance pays in
case you cause an accident in which
others are injured or killed. This
type of coverage will also help
pay for your legal defense if claims
or suits are brought against you.
Persons covered under this type
of liability are you, your covered
family members, and anyone driving
your car with your permission.
What is property damage
liability insurance?
This type of insurance pays if
you damage someone else’s property
such as their car, mailbox or building.
This coverage will also help pay
for your legal defense if claims
or suits are brought against you.
Persons covered under this type
of liability are you, your covered
family members, and anyone driving
your car with your permission.
What is collision insurance?
This type of insurance covers damage
to your vehicle from collisions
with other cars or objects. It covers
only your car and not the object
it hit.
What is comprehensive insurance?
This type of insurance covers damage
to your vehicle from circumstances
other than collisions. These coverage’s
typically include falling objects,
fire, theft, explosion, earthquakes,
floods, collisions with animals
and damage due to civil disorder.
What is medical payments
insurance?
Regardless of who caused the accident,
this insurance pays for hospital
and doctor bills, and funeral expenses.
It covers you and any passengers
in your car. You and all covered
family members are also covered
as pedestrians.
What is uninsured motorist
coverage?
This type of insurance pays for
your medical costs if you are injured
by an individual who is not insured.
Nearly 20% of all drivers are uninsured.
A good agent will recommend this
coverage, which generally costs
only a few extra dollars.
What is an umbrella policy?
Typically people with more than
$300,000 in assets will need an
umbrella policy. This coverage rides
over all of your other liability
policies and begins to pay when
they are exhausted. Generally, a
$1,000,000 umbrella policy will
cost $200 to $300.00 extra dollars
per year.
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