Personal and Commercial Auto Insurance
Components of an auto insurance policy include:
- Bodily Injury Liability – pays the medical expenses for someone that you are found liable for injuring in an auto accident*
- Property Damage Liability – pays for someone’s property that you are found liable for damaging*
- Medical Benefits – pays medical bills for those covered by your policy*
- Funeral Benefit – pays for funeral expenses if you die as a result of an auto accident*
- Income Loss – pays for your lost income as a result of an auto accident*
- Accidental Death Benefit – paid on behalf of you if you die as a result of an auto accident
- Extraordinary Medical Benefits – pays medical expenses that exceed the $100,000*
- Uninsured and Underinsured Motorists Coverage – pays for bodily injury to you if you are hit by someone who doesn’t have insurance or doesn’t have enough insurance to cover your claim*
- Comprehensive – pays for damage to your auto suffered from other than a collision less your deductible
- Collision – pays for damage to your auto as a result of an accident less your deductible
- Towing – pays for towing of your disabled auto*
- Rental Reimbursement – pays to rent a vehicle if you have a covered comprehensive or collision loss*
- Gap – pays the difference between the payout on a totaled vehicle and the balance on the auto’s loan
*subject to policy limits