Cheap Vehicle Insurance, Terms on Your Policy
In general here is what your auto insurance policy terms means. However it is highly advised that you fully read your auto policy terms and conditions. If there is anything you do not fully understand call your auto agent and or your insurance company member service line to have them explain it to you.
Bodily Injury liability: Bodily injury liability covers medical treatment rehabilitation and funeral costs incurred by your passengers, other drivers and their passengers, and injured pedestrians. Other cost covered may include legal fees and non-monetary loses related to pain and suffering.
Property Damage Liability: Property damage liability covers the repair or replacement of other drivers vehicle and property
Uninsured/Underinsured Motorist: This benefit covers losses caused by another driver who has insufficient or no auto insurance, including medical and funeral costs of the victims in your car as well as pain and suffering losses
Collision: Collision pays to repair or replace your vehicle after an accident.
Comprehensive: Comprehensive protects your vehicle against damage not resulting from a collision, such as damage caused by certain natural disasters, vandalism, fire or water, it also protects your vehicle from theft.
Medical Expense: Medical expense pays the deductibles and co-payments not covered by your or your passenger’s health insurance. It also covers some funeral and rehabilitation cost.
Loan/Lease gap coverage: This benefit protects you from paying out the difference between the amount you owe on your vehicle loan and the vehicles estimated value.
Depending on what you choose to buy your policy may have all or a few of the above coverage’s. In most states Liability for bodily injury and property damages is required to have and maintain in order to drive legally in the state.