Nowadays auto insurance is the ideal way to ensure a good life for yourself and your expensive vehicle. Auto insurance keeps safe your huge amount of money spent on your automobile. But on the same hand, auto insurance is also quite expensive. However there are different types of auto insurance policies available today. It is at an individual’s discretion which policy he can afford to adopt.
1. Fully Comprehensive Auto Insurance Policy Types- though this policy is the most expensive one yet it is the most widely adopted type of auto insurance. This is so because the insurance provides compensation or covers all sorts of cases such as theft, accident, wear and tear etc. If unfortunately an accident occurs where you were not at fault while the other driver who did the accident does not disclose his and his insurance details; you ought not to worry. For being a policyholder of the fully comprehensive program, you can register an insurance claim against your insurance company. But while taking this policy one essential thing should be borne in mind. There are a few auto insurance companies that do not insure your vehicle 100% of its value but of 80% or so. Even though many companies defend their policy as a measure to prevent themselves from fraud cases etc. yet try your bets to find the agency that insures your vehicle 100%.
2. Third Party, Fire and Theft- this type of insurance is basically meant for those car owners who have had finished their car loans but still admire, cherish their car and have great sentiments attached to it. This policy is somewhat akin to the fully comprehensive one but not identical to it. For like the latter the former covers cases of theft, accident, fire etc. but in case of an accident you can receive compensation only when you were at fault and had hit another car. So if any other car hits yours or you by mistake bang t in the garage, the insurance company will not come to your financial aid.
3. Third Party Insurance- it is the insurance that is the cheapest of all and covers only cases of accident where you were at fault and hit a third party. The insurance company is not to be contacted in case of any other mishappening with your vehicle. This insurance policy is generally preferred by those who own an old and less pricey car or any other vehicle.
4. Specialized Car Insurance- is basically for cars categorized as classic, those that are 25 years old. These cars are insured as classic and so accordingly they have their requirements and services. The classic car insurane policy can be said to be as good as the comprehensive one but the only drawback associated with it is that it limits the policy taker to a limited number of road miles he can drive in any given year.
Ultimately it is at the discretion of every individual which policy he desires to take. It is advisable to sort out one’s requirements and budget and also make a survey of the auto insurance policies in the market before actually grabbing a policy.
Insurance Search Engine
Wednesday, September 17, 2008
Homeowners — just what are you buying?
The idea is so simple. You pay a premium and the insurance company protects you. Yeh, right! When you go out shopping, you read the labels before you buy, don’t you. Well, the same should be your habit when you’re buying a homeowners insurance policy. Never just use a site like this to get online quotes and then buy a policy because it’s low cost or affordable. You should read it before you buy.
So what are you looking for? Well, let’s get technical. The insurance company protects you against “perils” except where there are “exclusions” telling you that there may be limitations on that cover. Often, those exclusions are the smaller print coming near the end of the policy when the insurer hopes you’re attention is wandering. Check out exactly what is covered. If it’s not clear, ask someone before you buy. The first part of the home insurance policy usually deals with “property protection”. So that covers the structure of the place you call home together with everything permanently attached like the plumbing, the electrical wiring and all the other “stuff” (sorry another technical term including your air-conditioning, heating system, and so on). All the other buildings and structures on the land will be included so long as they’re all used for domestic purposes. That covers the garage, shed, patio and fences/walls. Pay special attention to any “loss of use” provisions — that should cover your out-of-pocket expenses if you cannot live in your home while it’s being repaired.
Then we get into the everyday personal property (usually called the “contents”) owned by you and the family who live with you on a permanent basis. Depending on the wording, you may be covered for the cash value or replacement cost. But watch out. If you have anything unusual that’s more expensive or difficult to replace, that’s got to be specially endorsed on the policy. Some things may be excluded like a firearm, the car covered under your auto insurance policy, and so on. Other things may be included like the charges the local fire department may claim if it is called out, the cost of removing fallen trees or other debris after a storm, and so on. Everything else will have to be separately negotiated and added on to the policy as an endorsement
So what are you looking for? Well, let’s get technical. The insurance company protects you against “perils” except where there are “exclusions” telling you that there may be limitations on that cover. Often, those exclusions are the smaller print coming near the end of the policy when the insurer hopes you’re attention is wandering. Check out exactly what is covered. If it’s not clear, ask someone before you buy. The first part of the home insurance policy usually deals with “property protection”. So that covers the structure of the place you call home together with everything permanently attached like the plumbing, the electrical wiring and all the other “stuff” (sorry another technical term including your air-conditioning, heating system, and so on). All the other buildings and structures on the land will be included so long as they’re all used for domestic purposes. That covers the garage, shed, patio and fences/walls. Pay special attention to any “loss of use” provisions — that should cover your out-of-pocket expenses if you cannot live in your home while it’s being repaired.
Then we get into the everyday personal property (usually called the “contents”) owned by you and the family who live with you on a permanent basis. Depending on the wording, you may be covered for the cash value or replacement cost. But watch out. If you have anything unusual that’s more expensive or difficult to replace, that’s got to be specially endorsed on the policy. Some things may be excluded like a firearm, the car covered under your auto insurance policy, and so on. Other things may be included like the charges the local fire department may claim if it is called out, the cost of removing fallen trees or other debris after a storm, and so on. Everything else will have to be separately negotiated and added on to the policy as an endorsement
Housing Bubble! Don't panic!
Wherever you look, the story is the same. House prices are in free fall. What are the facts? According to the S&P/Case-Shiller national index, house prices fell by 14% in the year to April 2008! Those of you who like history will know that's a faster fall than the Great Depression of the 1930s. I always like to be encouraging.
So what's going on? Well, a lot of people convinced themselves that buying property was a sure-thing investment. Buy today, sell tomorrow with a big gain. That made it a no-brainer to buy your own home. Unfortunately, two things happened. The was a boom in the construction industry which produced more houses for sale than there are buyers. Secondly, the credit crunch has made banks more cautious in lending money (actually, some banks have gone bust).
The result? Negative equity! Lots of people who owe more on their homes than the homes are worth. How does this affect the home insurance policy? Not at all! Well, that's perhaps a little optimistic so let's explore.
Home insurance is designed to replace your home if it's destroyed. The value of the cover is therefore not the sale price but the cost of rebuilding. So, no matter how much your home falls in value, it makes no difference to the premium. Except that there are more national statistics to worry about. According to the latest figures published up to July 2008, US inflation is at a twenty-seven year high. The Labour Department monitors the producer price index (PPI), that's prices at the wholesale level. That rose by 9.8% in July.
So you should care because? Because the prices of bricks and all the other stuff needed to repair or rebuild your damaged home just got that much more expensive. Worse? There's no sign price inflation is going to slow. So, when it comes to renewing your home insurance policy, it would be wise to get two or three online quotes from "reputable" builders to revalue the policy. Without this precaution, you might find yourself underinsured, even on a small claim. But if you get hit by a hurricane or some other natural catastrophe, you may not be able to afford rebuilding if you don't have the savings to bridge the gap between the insured amount and the actual cost of rebuilding
So what's going on? Well, a lot of people convinced themselves that buying property was a sure-thing investment. Buy today, sell tomorrow with a big gain. That made it a no-brainer to buy your own home. Unfortunately, two things happened. The was a boom in the construction industry which produced more houses for sale than there are buyers. Secondly, the credit crunch has made banks more cautious in lending money (actually, some banks have gone bust).
The result? Negative equity! Lots of people who owe more on their homes than the homes are worth. How does this affect the home insurance policy? Not at all! Well, that's perhaps a little optimistic so let's explore.
Home insurance is designed to replace your home if it's destroyed. The value of the cover is therefore not the sale price but the cost of rebuilding. So, no matter how much your home falls in value, it makes no difference to the premium. Except that there are more national statistics to worry about. According to the latest figures published up to July 2008, US inflation is at a twenty-seven year high. The Labour Department monitors the producer price index (PPI), that's prices at the wholesale level. That rose by 9.8% in July.
So you should care because? Because the prices of bricks and all the other stuff needed to repair or rebuild your damaged home just got that much more expensive. Worse? There's no sign price inflation is going to slow. So, when it comes to renewing your home insurance policy, it would be wise to get two or three online quotes from "reputable" builders to revalue the policy. Without this precaution, you might find yourself underinsured, even on a small claim. But if you get hit by a hurricane or some other natural catastrophe, you may not be able to afford rebuilding if you don't have the savings to bridge the gap between the insured amount and the actual cost of rebuilding
Tuesday, September 16, 2008
Pay more, get less! What’s going on?
Just when it looks as though you can make ends meet, health insurance costs go up again. A growing percentage of every paycheck is going on health and, for the most part, you’re getting less for your dollars. The result? Every month, more people give up on rising premiums and drop into the ranks of the uninsured. Worse, if big bills hit, people face personal bankruptcy. This was mostly affecting low-income working families and those with chronic conditions requiring more continuous treatment like diabetes or depression. Now, it’s starting to bite the middle class. Employers are also feeling the pinch and more companies are dropping medical cover or reducing the benefits packages, and introducing wellness programs with teeth. This combination is placing a growing burden on taxpayers who fund Medicaid and the Children's Health Insurance Program.
Why is this happening? Well, let’s come down to a short list. The economy is not in great shape. The population is ageing and, as people get older, more goes wrong with their bodies. New technology is producing new treatments but that is often more expensive. The pharmaceutical industry keeps raising prices to maintain its profitability. Put all the causes together and you have a broken system. The real problems start with the “entitlement” trap. Because people pay their health insurance premiums out of their own pockets, they feel they’re entitled to get all the medical care they like. This leads to a significant amount of waste as health providers supply expensive services on demand regardless whether those services are needed. Mostly, the providers are driven by the need to make profits to keep their investors happy, and not by the patients’ needs. This makes general medical care unaffordable and shifts ever more of the costs on to the insurance companies and the tax payers. Health insurance premiums therefore go up. The Republican approach is to reduce taxes which makes funding public health provision more difficult.
If people are uninsured, they wait longer to see a physician or go to an emergency room when their conditions have worsened. What could have been treated early on for less money suddenly becomes a bigger bill as costs are higher in emergency rooms. Why are costs higher? Because a significant proportion of patients cannot pay. The hospitals costs therefore have to be recovered from those who have the money or still carry health insurance. The moral of this story is for political parties to have the will to fix the problems.
Why is this happening? Well, let’s come down to a short list. The economy is not in great shape. The population is ageing and, as people get older, more goes wrong with their bodies. New technology is producing new treatments but that is often more expensive. The pharmaceutical industry keeps raising prices to maintain its profitability. Put all the causes together and you have a broken system. The real problems start with the “entitlement” trap. Because people pay their health insurance premiums out of their own pockets, they feel they’re entitled to get all the medical care they like. This leads to a significant amount of waste as health providers supply expensive services on demand regardless whether those services are needed. Mostly, the providers are driven by the need to make profits to keep their investors happy, and not by the patients’ needs. This makes general medical care unaffordable and shifts ever more of the costs on to the insurance companies and the tax payers. Health insurance premiums therefore go up. The Republican approach is to reduce taxes which makes funding public health provision more difficult.
If people are uninsured, they wait longer to see a physician or go to an emergency room when their conditions have worsened. What could have been treated early on for less money suddenly becomes a bigger bill as costs are higher in emergency rooms. Why are costs higher? Because a significant proportion of patients cannot pay. The hospitals costs therefore have to be recovered from those who have the money or still carry health insurance. The moral of this story is for political parties to have the will to fix the problems.
Sunday, August 17, 2008
The history of car insurance in the United States.
Auto insurance policies assume the risk of financial loss in the event of a car accident, which caused bodily harm, and damage of property of those involved. In the United States, almost all states require car insurance for all drivers. But how did this come to be?
The first auto insurance in the US was released in 1897 in response to the increasing production of vehicles. By the 1920s almost all car owners already had their cars insured and problems regarding the cost of insurance were already starting to show.
In 1968, a great debate regarding the high cost of insurance took place. During this time, there were many automobile lawsuits and reports say that there were certain racial and ages were denied of coverage at the standard rates. The US Congress released $1.6 million to the US Department of Transportation so that these claims could be investigated. In October of this year, the American Insurance Association called for the creation of a no-fault insurance policy wherein the insurance company would pay all the expenses regardless of who was at fault.
By 1968, the problem in the insurance industry is again in the field of auto insurance. Car insurance companies were outraged after the rejection of the 21% increase in insurance rates in New Jersey. As some insurance companies were accused of denying coverage to several motorists, several states were already considering the adoption of the no-fault system in replacement of the current tort system. The tort system, unlike the no-fault system, required that someone needs to be found at fault before a claim was paid.
It was in 1976 when a record of 24 states adopted the no-fault auto insurance. Unfortunately, the US Congress has not created a bill that would make this kind of insurance mandatory to all states. The Government Employees Insurance Company, the sixth largest car insurer in the US during this year showed financial issues as a result of capital losses incurred in 1975 and the earlier half of 1976. Fortunately, the downward trend in the US insurance industry finally caught up in 1977 and the world’s largest car insurer, State Farm Insurance, announced that its earnings had now reached $129 million. According to researchers, this can be attributed to the decrease in the number of insurance claims filed. This trend was also observed with other smaller companies.
In 1980, there was a reported increase in traffic deaths as a result of the increasing popularity of small cars. During this time, 87% of claims were from small cars and there were claims that roads were made for trucks and larger vehicles. It was also recorded that over a million cars were stolen annually and automobile thieves now work for a chop shop where the cars are dismantled and the parts are sold.
At present, insurance rates are still rising and this is attributed to increased inflation. Thankfully, the no-fault insurance system is already in place and there are several states which provide government sponsored insurance.
Visit : http://autoinsurance.net.in for the best and free quotes
The first auto insurance in the US was released in 1897 in response to the increasing production of vehicles. By the 1920s almost all car owners already had their cars insured and problems regarding the cost of insurance were already starting to show.
In 1968, a great debate regarding the high cost of insurance took place. During this time, there were many automobile lawsuits and reports say that there were certain racial and ages were denied of coverage at the standard rates. The US Congress released $1.6 million to the US Department of Transportation so that these claims could be investigated. In October of this year, the American Insurance Association called for the creation of a no-fault insurance policy wherein the insurance company would pay all the expenses regardless of who was at fault.
By 1968, the problem in the insurance industry is again in the field of auto insurance. Car insurance companies were outraged after the rejection of the 21% increase in insurance rates in New Jersey. As some insurance companies were accused of denying coverage to several motorists, several states were already considering the adoption of the no-fault system in replacement of the current tort system. The tort system, unlike the no-fault system, required that someone needs to be found at fault before a claim was paid.
It was in 1976 when a record of 24 states adopted the no-fault auto insurance. Unfortunately, the US Congress has not created a bill that would make this kind of insurance mandatory to all states. The Government Employees Insurance Company, the sixth largest car insurer in the US during this year showed financial issues as a result of capital losses incurred in 1975 and the earlier half of 1976. Fortunately, the downward trend in the US insurance industry finally caught up in 1977 and the world’s largest car insurer, State Farm Insurance, announced that its earnings had now reached $129 million. According to researchers, this can be attributed to the decrease in the number of insurance claims filed. This trend was also observed with other smaller companies.
In 1980, there was a reported increase in traffic deaths as a result of the increasing popularity of small cars. During this time, 87% of claims were from small cars and there were claims that roads were made for trucks and larger vehicles. It was also recorded that over a million cars were stolen annually and automobile thieves now work for a chop shop where the cars are dismantled and the parts are sold.
At present, insurance rates are still rising and this is attributed to increased inflation. Thankfully, the no-fault insurance system is already in place and there are several states which provide government sponsored insurance.
Visit : http://autoinsurance.net.in for the best and free quotes
This Is What Lemon Law In Wisconsin Is All About
If you are not familiar with the lemon law in Wisconsin, you need to pay attention. The first thing is to know what exactly a lemon is. A lemon is a new vehicle which has the following characteristics and the warranty period of one year has not yet expired. Firstly, it is new whether bought or leased, secondly it is a truck, car or motor cycle, thirdly it must have developed serious defects or a defect before the warranty period of one year was over. Fourthly, the defects have brought about serious safety issues and decreased its overall value. Finally, a lemon is also known when it has been repaired four times without working and it has failed to serve you for 30 consecutive days.
Therefore, the lemon law in Wisconsin was formulated to help consumers who purchase defective new cars to be compensated in a legal and proper way. There are several things that a lemon owner should do to make sure that the lemon law in Wisconsin works for them fairly. They should get a repair order every time they visit the repair store whether the problem is solved or not. The repair order should show clearly what problem you reported to have with the vehicle and it should also show the dates when you took your vehicle to be repaired. Other vital documents that will help are purchase contracts and warranties. Many people are fond of carelessly placing their documents and if you want the law to work in your favor, you need concrete evidence.
You can use the Wisconsin Department of Transportation to ask for a replacement of the the lemon vehicle. You will then send the lemon law notice to the manufacturer and they have only 30 days to respond to it. The manufacturer will be required to bear all the costs that have occurred due to the lemon car. Before you take things further, use all the avenues available for you to settle the matter. You can use your manufacturer's arbitration program. Talk to a lawyer if everything fails and if your case is in order, the court must decide whether your vehicle is a lemon. You will then produce all the documents to support your case and everything must be duly presented.
If your case is genuine, you can win the case and when you win, you can get even double compensation to cover all your troubles. The lemon law in Wisconsin will have worked for you. The Dealer and Agent Section will help you resolves all the disputes you might have pertaining to vehicles and lemon vehicles. Indeed, this is a great law that safeguards the rights of customers and makes sure they are protected from unscrupulous dealers. You can find the Wisconsin lemon Law Statues in chapter 218.0171 under replacements, refunds repairs and warranties of new motor vehicles. You can read this law on the internet and get to be empowered. If you live in Wisconsin, you do not have to worry because you are well covered by the law.
Therefore, the lemon law in Wisconsin was formulated to help consumers who purchase defective new cars to be compensated in a legal and proper way. There are several things that a lemon owner should do to make sure that the lemon law in Wisconsin works for them fairly. They should get a repair order every time they visit the repair store whether the problem is solved or not. The repair order should show clearly what problem you reported to have with the vehicle and it should also show the dates when you took your vehicle to be repaired. Other vital documents that will help are purchase contracts and warranties. Many people are fond of carelessly placing their documents and if you want the law to work in your favor, you need concrete evidence.
You can use the Wisconsin Department of Transportation to ask for a replacement of the the lemon vehicle. You will then send the lemon law notice to the manufacturer and they have only 30 days to respond to it. The manufacturer will be required to bear all the costs that have occurred due to the lemon car. Before you take things further, use all the avenues available for you to settle the matter. You can use your manufacturer's arbitration program. Talk to a lawyer if everything fails and if your case is in order, the court must decide whether your vehicle is a lemon. You will then produce all the documents to support your case and everything must be duly presented.
If your case is genuine, you can win the case and when you win, you can get even double compensation to cover all your troubles. The lemon law in Wisconsin will have worked for you. The Dealer and Agent Section will help you resolves all the disputes you might have pertaining to vehicles and lemon vehicles. Indeed, this is a great law that safeguards the rights of customers and makes sure they are protected from unscrupulous dealers. You can find the Wisconsin lemon Law Statues in chapter 218.0171 under replacements, refunds repairs and warranties of new motor vehicles. You can read this law on the internet and get to be empowered. If you live in Wisconsin, you do not have to worry because you are well covered by the law.
Friday, August 15, 2008
State Auto Insurance - What Are The Requirements?
Virtually all states within the U.S. have laws governing the minimum amount of auto insurance coverage you must have. In the states that don't, have financial responsibility laws that state you have to be able to furnish proof of the ability to pay for both bodily and property damage resulting from an auto accident up to a certain minimum amount.
The chart below indicates the mandatory minimum requirements state by state. The second first figure is the minimum amount of coverage required for all people injured in an accident. The first figure is the limit for one individual and the third is for property damage. All figures are 1000's $.
So, taking Alaska as an example, the minimum coverage is $100,000 for all persons injured in an accident up to a limit of $50,000 for one individual and $25,000 for property damage.
Alabama 25/50/25
Alaska 50/100/25
Arizona 15/30/10
Arkansas 25/50/25
California 15/30/5
Colorado 25/50/15
Connecticut 20/40/10
Delaware 15/30/10
D.C. 25/50/10
Florida 10/20/10
Georgia 25/50/25
Hawaii 20/40/10
Idaho 25/50/15
Illinois 20/40/15
Indiana 25/50/10
Iowa 20/40/15
Kansas 25/50/10
Kentucky 25/50/10
Louisiana 10/20/10
Maine 50/100/25
Maryland 20/40/15
Massachusetts 20/40/5
Michigan 20/40/10
Minnesota 30/60/10
Mississippi 25/50/25
Missouri 25/50/10
Montana 25/50/10
Nebraska 25/50/25
Nevada 15/30/10
New Hampshire 25/50/25 Financial Responsibility only
New Jersey 15/30/10
New Mexico 25/50/10
New York 25/50/10
North Carolina 30/60/25
North Dakota 25/50/25
Ohio 12.5/25/7.5
Oklahoma 25/50/25
Oregon 25/50/10
Pennsylvania 15/30/5
Rhode Island 25/50/25
South Carolina 25/50/25
South Dakota 25/50/25
Tennessee 25/50/10
Texas 25/50/25
Utah 25/50/15
Vermont 25/50/10
Virginia 25/50/20
Washington 25/50/10
West Virginia 20/40/10
Wisconsin 25/50/10 Financial Responsibility only
Wyoming 25/50/20
It must be stressed that these figures are the minimum required by law. It is generally recognized that more realistic figures would be $300,000 bodily injury protection per accident and $100,000 per person.
Other options are available to increase your coverage. These include -
Uninsured Motorist Coverage
This coverage will pay you for bodily injury and property damage that you suffer as a result of an accident caused by an uninsured driver.
Underinsured Motorist Coverage
This coverage pays you for bodily injury and property damage that you suffer as a result of an accident caused by a driver who has insurance but whose coverage is less than your uninsured motorist coverage.
Personal Injury Protection (PIP)
This coverage (sometimes known as "no-fault" coverage) is for injuries that you and others may sustain in an auto accident irrespective of who caused the accident. It covers the cost of hospital and medical expenses incurred in treating injuries and other incidental expenses such as lost wages.
Collision Coverage
Coverage to pay for damages caused to your vehicle when involved in a collision with another vehicle or object.
Comprehensive Coverage
This pays for damage to your vehicle that is not the result of a collision, such as fire, theft, vandalism and flooding.
The chart below indicates the mandatory minimum requirements state by state. The second first figure is the minimum amount of coverage required for all people injured in an accident. The first figure is the limit for one individual and the third is for property damage. All figures are 1000's $.
So, taking Alaska as an example, the minimum coverage is $100,000 for all persons injured in an accident up to a limit of $50,000 for one individual and $25,000 for property damage.
Alabama 25/50/25
Alaska 50/100/25
Arizona 15/30/10
Arkansas 25/50/25
California 15/30/5
Colorado 25/50/15
Connecticut 20/40/10
Delaware 15/30/10
D.C. 25/50/10
Florida 10/20/10
Georgia 25/50/25
Hawaii 20/40/10
Idaho 25/50/15
Illinois 20/40/15
Indiana 25/50/10
Iowa 20/40/15
Kansas 25/50/10
Kentucky 25/50/10
Louisiana 10/20/10
Maine 50/100/25
Maryland 20/40/15
Massachusetts 20/40/5
Michigan 20/40/10
Minnesota 30/60/10
Mississippi 25/50/25
Missouri 25/50/10
Montana 25/50/10
Nebraska 25/50/25
Nevada 15/30/10
New Hampshire 25/50/25 Financial Responsibility only
New Jersey 15/30/10
New Mexico 25/50/10
New York 25/50/10
North Carolina 30/60/25
North Dakota 25/50/25
Ohio 12.5/25/7.5
Oklahoma 25/50/25
Oregon 25/50/10
Pennsylvania 15/30/5
Rhode Island 25/50/25
South Carolina 25/50/25
South Dakota 25/50/25
Tennessee 25/50/10
Texas 25/50/25
Utah 25/50/15
Vermont 25/50/10
Virginia 25/50/20
Washington 25/50/10
West Virginia 20/40/10
Wisconsin 25/50/10 Financial Responsibility only
Wyoming 25/50/20
It must be stressed that these figures are the minimum required by law. It is generally recognized that more realistic figures would be $300,000 bodily injury protection per accident and $100,000 per person.
Other options are available to increase your coverage. These include -
Uninsured Motorist Coverage
This coverage will pay you for bodily injury and property damage that you suffer as a result of an accident caused by an uninsured driver.
Underinsured Motorist Coverage
This coverage pays you for bodily injury and property damage that you suffer as a result of an accident caused by a driver who has insurance but whose coverage is less than your uninsured motorist coverage.
Personal Injury Protection (PIP)
This coverage (sometimes known as "no-fault" coverage) is for injuries that you and others may sustain in an auto accident irrespective of who caused the accident. It covers the cost of hospital and medical expenses incurred in treating injuries and other incidental expenses such as lost wages.
Collision Coverage
Coverage to pay for damages caused to your vehicle when involved in a collision with another vehicle or object.
Comprehensive Coverage
This pays for damage to your vehicle that is not the result of a collision, such as fire, theft, vandalism and flooding.
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