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The terms and conditions of bodily injury property damage comprehensive and collison of auto insurance? |
The terms and conditions of bodily injury property damage comprehensive and collison of auto insurance? This is really something you should take up with your insurance agent as to what specific limits you should carry based on your personal circumstance. In a nutshell though... Bodily Injury and Property Damage are liability coverages Collision and Comprehension cover your vehicle. Here are some definitions: Bodily Injury Liability (BI): Covers other people's bodily injuries or death for which you are responsible. It also provides for a legal defense if another party in the accident files a lawsuit against you. Claims for bodily injury may be for such things as medical bills, loss of income or pain and suffering. In the event of a serious accident, you want enough insurance to cover a judgment against you in a lawsuit, without jeopardizing your personal assets. Bodily injury liability covers injury to people, not your vehicle. Therefore, it's a good idea to have the same level of coverage for all of your cars. Bodily Injury Liability does NOT cover you or other people on your policy. Coverage is limited to the terms and conditions contained in the policy. Property Damage Liability (PD): Covers you if your car damages someone else's property. Usually it is their car, but it could be a fence, a house or any other property damaged in an accident. It also provides you with legal defense if another party files a lawsuit against you. It is a good idea to purchase enough of this insurance to cover the amount of damage your car might do to another vehicle or object. Coverage is limited to the terms and conditions contained in the policy. Comprehensive Coverage: Covers your vehicle, and sometimes other vehicles you may be driving for losses resulting from incidents other than collision. For example, comprehensive insurance covers damage to your car if it is stolen; or damaged by flood, fire, or animals. Pays to fix your vehicle less the deductible you choose. To keep your premiums low, select as high a deductible as you feel comfortable paying out of pocket. Coverage is limited to the terms and conditions contained in the policy. Collision Coverage: Covers damage to your car when your car hits, or is hit by, another vehicle, or other object. Pays to fix your vehicle less the deductible you choose. To keep your premiums low, select as large a deductible as you feel comfortable paying out of pocket. For older cars, consider dropping this coverage, since coverage is normally limited to the cash value of your car. Coverage is limited to the terms and conditions contained in the policy. You'll also want to check out Uninsured Motorist and Underinsured Motorist coverages. Source(s): This is where I copied the definitions from: http://www.carinsurance.com/coveragedefi... I have had several years experience in the insurance field and I was an insurance sales agent assitant for a few years at AAA so I have also sold insurance. This is an important thing so please get informed and choose wisely. You will be glad you did! Insurance can be tricky and expensive! Please stay insured and keep your driving record clean. depends on your policy |
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