What Are The Most Common Auto Insurance Coverages?
• Bodily injury liability coverage – Pays for bodily injury or death resulting from an accident for which you are at fault and provides you with a legal defense. • Property damage liability coverage – Provides you with protection if your car accidentally damages another person’s property. It also provides you with a legal defense. • Medical payments, no-fault or personal injury coverage – Usually pays for the medical expenses of the driver and passengers in your car incurred as a result of a covered accident regardless of fault. • Uninsured motorist coverage – Pays for your injuries and, in some circumstances, certain property damage caused by an uninsured or a hit-and-run driver. In some cases, underinsured motorist coverage is also included. This is for cases in which the at-fault driver has insufficient insurance. • Comprehensive physical damage coverage – Pays for damage to your car from theft, vandalism, flood, fire, and other covered perils. • Collision coverage – Pays for damage
Related Questions
- If I decide to satisfy the financial responsibility requirements of New Mexico by buying auto insurance, what coverages are required in New Mexico and what are the minimum limits I can purchase?
- What are the typical coverages included in a commercial auto insurance policy?
- What are the common optional coverages?
