Different types of coverage
What Is Personal Auto?
What Is Personal Auto?
What Is Personal Auto?
A Personal Auto Policy is insurance on your personal vehicle. It may include liability, medical coverage, comprehensive, or collision coverage.
Liability Coverage
What Is Personal Auto?
What Is Personal Auto?
Liability coverage is a requirement in most U.S. states. It protects other drivers if you cause damage to them in the form of bodily injuries or property damages. While coverage limits vary from state to state based on minimum requirements.
Comprehensive and Collision Coverages
Physical Damage Coverage
Physical damage coverage covers any physical damages to your vehicle. This includes:
- Collision damage: This covers damages to your vehicle related to a collision with another vehicle or object.
- Non-collision damage: This includes damages to your vehicle not related to a collision, such as flooding or wind damage.
These types of damages are covered with a comprehensive or collision policy. They are optional add-on policies that are not a requirement. If you have a lease or you took out a loan to buy your vehicle, however, you may be required to carry physical damage coverage on your vehicle.
Additional coverages
Uninsured Motorist
Limits of Liability
Uninsured Motorist
Uninsured motorist coverage can protect you if you're in an accident with a driver who is uninsured or underinsured. This can help you cover costs if another driver is at fault. Again, many insurance companies have specific requirements as to what is and is not included.
Medical Payments
Limits of Liability
Uninsured Motorist
Medical payments coverage covers the medical costs of the policyholder and anyone in their vehicle at the time of the accident. This type of coverage is not usually a requirement and may have a separate premium. Before deciding whether or not to add it to your policy, it is beneficial to find out what it does and does not include. Some p
Medical payments coverage covers the medical costs of the policyholder and anyone in their vehicle at the time of the accident. This type of coverage is not usually a requirement and may have a separate premium. Before deciding whether or not to add it to your policy, it is beneficial to find out what it does and does not include. Some people may have medical payment coverage with their health insurance provider.
Limits of Liability
Limits of Liability
Limits of Liability
Liability limits refer to the maximum amount a liability insurance company would pay for a single claim. For any claim above that amount, the policyholder would have to cover it out of pocket or rely on other liability insurance, such as an umbrella policy.
For example, a policyholder accidentally runs into a car in front of them. Their
Liability limits refer to the maximum amount a liability insurance company would pay for a single claim. For any claim above that amount, the policyholder would have to cover it out of pocket or rely on other liability insurance, such as an umbrella policy.
For example, a policyholder accidentally runs into a car in front of them. Their combined single limit of $100,000 in their auto insurance policy would cover any injury to the other driver and damage to the car, as long as it amounts to less than $100,000.