Auto Coverage details
What is the legal minimum amount of auto insurance required?
Liability Insurance
An individual, usually but not always the buyer, covered by an insurance policy
Insured
the paperwork describing the accident, illness or injury that is submitted to the insurance organization
Claim
What does liability coverage protect?
Liability insurance protects other people's bodily injury and property when you are involved in an accident with them.
The amount the insured pays on a claim before the insurer pays the remainder
Deductible
the fee paid to the insurer to be covered under the specified terms
Premium
Covers injuries sustained by the driver of the insured vehicle or any passenger regardless of fault
Medical Payments
This coverage pays for physical injury to people in other vehicles
Bodily injury liability coverage
What is significant about the date Sept. 15th?
It's McKenzie's birthday
Covers injury or damage to the driver, passengers, or the vehicle caused by a driver with insufficient insurance
uninsured/underinsured coverage
The act or process of colliding; a crash or conflict
Collision
provides a rental car when the insured's vehicle is being repaired after an accident or if the vehicle was stolen
Rental car or alternate transportation
In what situations would uninsured/underinsured coverage be needed?
Hit-and-run accidents (unidentified driver)
Accident with an uninsured driver
Accident with someone with insufficient insurance to cover the losses
Insurance designed to pay for the repair or replacement of the policy owner's car in the event of damage not resulting from an accident
Comprehensive Coverage
15/30/5 are to describe what?
CA state min liability limits