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Automobile
Protection for your Autos and other Vehicles
Auto insurance is probably the
coverage most people understand best. And yet the subject is vast and complex.
Below are a few offerings to help you understand key terms used in the
industry, and which apply to the insurance you purchase for your vehicles,
including autos, trucks and vans, motorcycles, ATV's, snowmobiles, vehicles for
business and commercial use, and motor homes.
Property Damage
Liability — Applies if you damage someone else's property such as a
vehicle, building, or other property with your car and you are at found to be
at fault.
Bodily Injury Liability — Coverage when other people
are injured by your car and it is determined you are at fault. Other people
include pedestrians, passengers, and people in other vehicles.
Accident
Benefits/Medical Payments — Pays for covered medical expenses if
occupants of your car are injured, regardless who is at fault. You, and
relatives living with you, are also covered as pedestrians if hit by an auto.
Collision — Pays for cost of repairs when your car is damaged
in a collision with another vehicle or object. For unrepairable vehicles, it
covers actual cash value and applies regardless of fault. Normally covers costs
above your deductible. In some cases, the deductible will be waived.
Comprehensive — Pays for the cost of repairs due to damage
caused other than by collision. If your vehicle cannot be repaired, it covers
the actual cash value of your automobile when damaged by fire, theft,
vandalism, glass breakage, windstorm damage, lightning, falling objects and a
number of other circumstances.
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Specified
Perils — Pays for the cost of repairs due to damage caused by specific
perils, such as fire, theft, lightning and a few other limited circumstances.
Uninsured/Underinsured Motorist — Makes sure you receive the
covered benefits you are entitled to (according to the amount of the
responsible driver's insurance coverage) when you are in an accident and it is
not your fault.
Loss of Use — This coverage provides
replacement transportation if you are deemed at fault in accident and your
vehicle is not drivable or not drivable with temporary
repairs. |
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