Property losses – includes damage to other vehicles, structures, livestock, etc. Bodily injury – medical care, pain and suffering, loss of income. Usually with upper-end limits for each person and each event. This is above the costs of defending yourself. Limits – BI liability per person/per accident/ PD property damages Note : Bankruptcy may not eliminate a court award. BMedical – this covers your own medical expenses from an accident, accidental D & D, etc. To the extent that this duplicates health coverage from your regular medical plan, it is not recommended for most drivers.
CUninsured/Underinsured motorist – covers you if the negligent party is not adequately insured DPhysical Damage – to your car (when no one else is to blame) Collision – covers damage to your own car in moving accidents Comprehensive – covers loss to your vehicle other- than-collision (storm, flood, animals)etc. ) Non-owned auto- not regularly made available to the insured Deductibles – your co-payment; eliminates small claims; reduces premiums Included in your liability coverage Covered Auto Vehicles listed on your policy Temporary substitute – if you are driving someone else’s car
Towed Trailers Newly acquired Auto – automatic coverage for 30 days Covered persons Yourself Others in your household Temporary borrowers (with permission) Third Parties (such as your employer) who may be held liable for acts of an insured person Other Items Included in Your Policy Legal defense against frivolous claims Legal costs above damage award When you rent a car – broadest coverage applies; see if coverage is acceptable to rental agency Automatic extension to minimum required coverage when driving out of stateNote: different states have different minimums
The Essay on Cause Effect Car Accidents
AutomobileIt seem that life goes on living freely not recognizing that at any moment anything can happen and your life can be gone. what is a car accident, its an undesirable or unfortunate happening that occurs unintentionally and usually results in harm, injury, damage, or loss. Millions of people die from car accidents and many have long term injuies from accidents. In 2004 6. 2 million ...
Exclusions and Limitations Hiring out your car Commercial use – JimmyJohn/Domino’s delivery, taxi, hauling Exception for automotive businesses who may test drive your car Without permission Less than 4-wheeled vehicles (e. g. – a borrowed ATV) Intentional damage by covered person War or civil disturbance Failure to report/preserve & protect Contents Wear and Tear – “Inherent Vice” Trailers – only liability coverage and only while pulling Employer’s car Note: coverage is defined more narrowly if it is not your car
Note: replacement is limited to “like kind and value” Note: “actual cash value” may not be fair market value Note: keep a small disposable camera in the car to photograph accident scene Other Contractual Provisions Subrogation Clause – gives insurer the right to pursue liable third parties Cancellation – insurer may cancel with 60-day notice Proof of loss – you may be required to supply proof of loss International Limitations Factors affecting your premium Vehicle year, make & model – these are theft and repair cost factors
Your age – inexperience; statistical grouping (under 20 has 4X crash rate per mile driven) Sex – males still greater risk (add a 16 year-old boy, rates double; add a girl, up 50%) Marital status – presumption of stability if married Usage – type of driving and yearly mileage Driving record – this is the item over which you have greatest control Driver’s Education Good student discount – usually for GPA 3. 0 or higher Local Factors –territory, weather, road quality, crime rates, etc. (Lincoln’s collision rate is 16% below the national average).
Multi-car discounts.