Question : What is the meaning of Bodily Injury Limits ?
Answer: When you are found legally responsible for a car accident, bodily injury liability coverage is the part of your insurance policy that pays for the costs associated with injuries to the other person or people involved. This coverage also provides a legal defense in the event that you are sued for damages.
Question: What is the meaning of Uninsured Motorist Bodily Injury Limits ?
Answer: Uninsured motorist bodily injury insurance (UM or UMBI) covers you, the insured members of your household (resident relatives) and your passengers for bodily/personal injuries, damages, or death caused by an at-fault driver who doesn't have insurance (uninsured) or, in some states, by a hit-and-run or miss-and-run.
Question: What is the meaning of Comprehensive and Collision Coverage ?
Answer: Comprehensive insurance (also known as “other than collision” in some states) covers damage to your car caused by events that are out of your control. It covers things like theft, vandalism, glass and windshield damage, fire, accidents with animals, weather/acts of nature, etc. Comprehensive is an optional coverage.
Answer: Collision insurance is auto coverage that reimburses the insured for damage sustained to their personal automobile, due to the fault of the insured driver. This type of insurance is often added as an extension of a basic policy.
Question: What is the meaning of medical payments ?
Answer: Medical payments coverage can help pay for the medical or funeral expenses of covered drivers and passengers after an accident, regardless of fault. In most states, it's an optional addition to your car insurance policy.
Question: What does rental reimbursement insurance cover ?
Answer: Rental reimbursement (or rental car coverage) is a type of optional car insurance coverage that helps pay for the cost of a rental car while your vehicle is being repaired after a car accident or after suffering damages that are covered through your car insurance policy.
Question: What is the meaning of towing or 24 hour roadside assistance ?
Answer: Roadside assistance coverage helps drivers when their vehicle breaks down. It is an option on almost every auto insurance policy. ... Generally, adding roadside assistance to your policy will get you: towing, battery service, flat tire service, fuel delivery, lockout service, and extrication.
Question: What is the meaning of Gap-Coverage ?
Answer: Guaranteed Auto Protection (GAP) insurance (also known as GAPS) was established in the North American financial industry. ... Some financing companies and lease contracts require it. GAP insurance covers the amount on a loan that is the difference between the amount owed and the amount covered by another insurance policy.