Bodily injury, Uninsured motorist Underinsured motorist PIP, medical payments ... What all these terms have in common? They are all auto insurance and few people know what they actually mean in terms of coverage, or you can afford it, as the insured, the defense quickly.
We thought we would be one of the most common treatment for such coverage, bodily injury coverage, and to explain exactly what it is, how it works and why you need it.
What kind of physical injury coverage?
Bodily injury coverage, and often referred to as the BI industry, the auto insurance, which compensates for a 3rd party if there is an accident, a mistake that BI to the person or people of the claimant or any other vehicle. Information:
This coverage is typically associated with it two amounts: the amount and the per capita amount. If BI 15/30 coverage means that there is a maximum coverage of $ 15,000 is available to any person injured and a policy aggregate of $ 30,000 for everyone injured.
Every state requires that every driver carry a minimum coverage of BI and every state is different.
You know you want to select the amount of coverage beyond the state's minimum standards. If the state requires the transport of 15/30 limits, you may choose to purchase the 50/100 limits are sure you are adequately covered.
How does the BI coverage work?
Assuming that the policy is in place, and the present, if it was an accident and found to be defective, in whole or in part, and the damage caused to a third party, the BI coverage will cover injuries based on the% of the responsibility for an accident. A few details:
BI coverage is required for each state where the vehicle operates
The injured person lost wages are included in the damage claim
This insurance company's responsibility to monitor all damage claims against the policy and will do their utmost to resolve the claim (s) within the framework provided by the policy
Injury claim (s) may be assessed higher than the limits in many states and the victim's request to recover from you personally if you feel the limitations of the policy is not adequate
There are two main aspects of the injury requirement: Special damages (actual and Dr. bills, lost wages, etc ...) and general damages and pain and discomfort.
Most auto accident injury claimed soft tissue injuries such as whiplash, neck and back pain.
Why do I need BI coverage:
Beyond the obvious in your state agency to carry a minimum coverage of BI, there are some very important reason why everyone should be sure to buy the right BI coverage:
Damage claims can be costly. If you do not have adequate BI coverage, you may be liable for damages third half
If you have significant assets, you want to be sure to protect them and purchase a higher BI limits. This will only cost you a few extra dollars per month, but it's worth it when you consider what you have to lose.
Advocate: the insurance companies, the advocate of some concern because of work on your behalf to settle legitimate claims against you. They are experts in this ... Imagine if you had to deal with an injured persons insurance company. Do you know what to do or say?
So, as you can see, once the proper value of BI coverage is more than that meets the state minimum coverage requirements. BI coverage as the insurance cover is one way to protect yourself, and a lawyer working on your behalf should happen to the fault of the accident and injury. It's worth the money and time on research, and sure to be adequately insured.
We thought we would be one of the most common treatment for such coverage, bodily injury coverage, and to explain exactly what it is, how it works and why you need it.
What kind of physical injury coverage?
Bodily injury coverage, and often referred to as the BI industry, the auto insurance, which compensates for a 3rd party if there is an accident, a mistake that BI to the person or people of the claimant or any other vehicle. Information:
This coverage is typically associated with it two amounts: the amount and the per capita amount. If BI 15/30 coverage means that there is a maximum coverage of $ 15,000 is available to any person injured and a policy aggregate of $ 30,000 for everyone injured.
Every state requires that every driver carry a minimum coverage of BI and every state is different.
You know you want to select the amount of coverage beyond the state's minimum standards. If the state requires the transport of 15/30 limits, you may choose to purchase the 50/100 limits are sure you are adequately covered.
How does the BI coverage work?
Assuming that the policy is in place, and the present, if it was an accident and found to be defective, in whole or in part, and the damage caused to a third party, the BI coverage will cover injuries based on the% of the responsibility for an accident. A few details:
BI coverage is required for each state where the vehicle operates
The injured person lost wages are included in the damage claim
This insurance company's responsibility to monitor all damage claims against the policy and will do their utmost to resolve the claim (s) within the framework provided by the policy
Injury claim (s) may be assessed higher than the limits in many states and the victim's request to recover from you personally if you feel the limitations of the policy is not adequate
There are two main aspects of the injury requirement: Special damages (actual and Dr. bills, lost wages, etc ...) and general damages and pain and discomfort.
Most auto accident injury claimed soft tissue injuries such as whiplash, neck and back pain.
Why do I need BI coverage:
Beyond the obvious in your state agency to carry a minimum coverage of BI, there are some very important reason why everyone should be sure to buy the right BI coverage:
Damage claims can be costly. If you do not have adequate BI coverage, you may be liable for damages third half
If you have significant assets, you want to be sure to protect them and purchase a higher BI limits. This will only cost you a few extra dollars per month, but it's worth it when you consider what you have to lose.
Advocate: the insurance companies, the advocate of some concern because of work on your behalf to settle legitimate claims against you. They are experts in this ... Imagine if you had to deal with an injured persons insurance company. Do you know what to do or say?
So, as you can see, once the proper value of BI coverage is more than that meets the state minimum coverage requirements. BI coverage as the insurance cover is one way to protect yourself, and a lawyer working on your behalf should happen to the fault of the accident and injury. It's worth the money and time on research, and sure to be adequately insured.