Types of Auto Insurance Defined: Help for Consumers

Consumers who want to make good choices about the type of auto insurance coverage need to understand what they are buying, and checking out types of auto insurance defined can help this process immensely. Here are some common terms that all auto insurance buyers should know: Bodily Injury Liability Coverage: Pays for personal injury claims made by the occupants of the other vehicle in a car accident. Covers medical bills, rehab expenses, and possibly lost wages. In some jurisdictions, claims for pain and suffering are included in bodily injury coverage. Property Damage Liability Coverage: Compensates other driver for repairs to…

Typical Auto Insurance Coverage for Consumers

What does a typical auto insurance coverage package look like? The exact level of coverage will vary, depending on the driver’s age, budget and the number of assets that he or she needs to protect. A basic auto insurance policy will include liability and physical damage coverage. Liability insurance is put in place to protect the occupants of the other vehicle in an accident. It includes bodily injury liability protection, which pays for personal injury claims. A person who has been injured in an accident can seek compensation for medical bills, rehabilitation costs and lost wages. In some states, the…

What are Typical Auto Insurance Limits?

When consumers think of typical auto insurance limits, they may be focused on the minimum level of coverage required under state law. This level of coverage may be an economical choice, but that doesn’t mean it will adequately protect a driver if he or she is involved in a serious accident. The insurance company will pay out on liability claims, but only up to the limit the policyholder has chosen. If the level of damages caused in the accident is higher than the available coverage, the driver who is determined to be responsible for the accident must pay the difference…

How Umbrella Auto Insurance Coverage Benefits Policyholders

Umbrella auto insurance coverage provides an extra layer of protection to policyholders. A standard auto insurance liability policy pays for claims made by the occupants of the other vehicle in an accident. Personal injury and property damage claims are covered under this type of protection. The liability coverage also pays for legal fees incurred in defending lawsuits filed on behalf of those injured or killed in the incident. If the level of damages caused is higher than the at-fault driver’s policy limit, the difference must be paid by him or her personally. This is where umbrella auto insurance coverage comes…

Understanding Auto Insurance Coverage: the Basics

For consumers, understanding auto insurance coverage is an important part of being able to get the right protection at an affordable price. Before going shopping for coverage, it’s important for buyers to consider their needs carefully so that they can get the right type and level of protection. Physical damage car insurance protects the policyholder’s own vehicle against different types of loss. Comprehensive coverage pays out when the loss is due to an event that doesn’t involve striking an inanimate object, such as hail, flooding, fire and vandalism. It also pays out if the car is stolen and not recovered….

Auto Insurance Liability Laws Vary by State

Each state is responsible for passing its own auto insurance liability laws, which means that someone moving from one part of the country to another may need to put a higher level of protection in place to comply with local legislation. A driver who is visiting another state will be protected under his or her existing policy, but changing insurance is something that a new resident of a state will need to put on his or her “To Do” list. The existing policy may provide coverage for a limited time after a move, but a driver should contact his or…

Auto Insurance Liability Levels Set by States

The amount of auto insurance liability protection required by law will vary, depending on the state. In most regions, drivers must have at least some level of third party coverage in place. This protection is used to pay for injuries and damages incurred by the occupants of the other car in a motor vehicle accident. Bodily injury liability insurance coverage pays for medical bills and rehabilitation expenses incurred as the result of an accident. It may also provide compensation for economic losses stemming from the accident, as well as pain and suffering. When insurance companies are indicating policy limits for…

Auto Insurance Liability and Accident Scene Protocols

Following appropriate accident scene protocols will help to keep driver and passengers who have been involved in an accident as safe as possible. All drivers can make sure that they are carrying some basic safety equipment, such as a working flashlight, flares and jumper cables. Carrying a blanket and a First Aid kit in the vehicle is also a good idea. When an accident occurs, the first consideration should be to ensure that the passengers are safe and that no further damage to the vehicle occurs. The car should be driven to the shoulder of the road if it can…