What are the different types of auto coverage?
Liability Insurance: This coverage protects the owner against losses from legal liability arising from bodily injury or property damage caused by an automobile accident. The coverage can be a single limit, ($100,000 for each accident), or split limits such as $50,000/$100,000/$25,000 (per person/per accident for bodily injury/property damage). Medical Payments Coverage: This provision pays medical or funeral expenses because of bodily injury. The coverage is generally in increments of $1,000 to $5,000 up to $10,000 per person per accident. Physical Damage Coverage: This section of the auto policy is designed to cover physical damage to the insured auto. Collision covers, as the name implies, collision losses. Comprehensive (also known as “other than collision”) covers losses from non-collision incidents, such as theft, fire or storm damage. Losses for physical damage are generally based on the cost to repair or replace the damaged or stolen vehicle. Uninsured/Underinsured Motorist: Eve
