2) Part B- Medical Payments
Medical payments coverage provides payments for the reasonable and necessary medical expenses of the insured and family members as a result of an automobile accident. The coverage is extended to include any funeral expenses for the insured and any other family member who suffers bodily injury as a result of the accident. Only those expenses rendered within 3 years of the date of an accident are covered.
Sample policy for Part B could look like:
|Medical Pyaments||Each Person||$5,000|
|Personal Injury Protection||Maximum Benefit||$10,000|
*Personal Injury Protection or PIP provides benefits no matter who is at fault. Certain states (such as Florida) will require you to carry a certain minimum amount of PIP in addition to the Property Damage Liability in order to register a vehicle in that state.
3) Part C- Uninsured Motorists
Uninsured motorist coverage is designed to pay the insured for compensatory damages that an insured is legally entitled to recover from the owner or operator of an uninsured motor vehicle due to bodily injury.
The insurance claim could arise due to a hit-and-run accident, a negligent driver that did not have insurance, or another driver with an insolvent insurance company. The coverage will apply to claims for medical expenses, lost wages, and pain and suffering- but will not cover punitive or exemplary damages.
Sample Policy for Part C could look like:
|Bodily Injury||Each Person||$100,000|
- The insured on the policy, spouse, and all family members
- Any other person that occupies a covered auto
- Any other person that is entitled to recover damages because of bodily injury to any of the previously mentioned persons is an insured
Physical Damage Under Automobile Insurance
InsuranceFind out how different types of coverages can protect you and which policy is right for you.
InsuranceFind out to determine how much car insurance you actually need with this overview of the different types of coverage available in your policy.
InsuranceMany auto insurance add-ons are unnecessary in most situations and will simply drain money out of your pocket. There are several that are worth adding on to make sure that you are adequately ...
InsuranceFind the perfect policy that suits both your coverage and budgetary needs.
InsuranceAccident, theft, vandalism - make sure your coverage will protect you when you need it most.
InsuranceFind out how to use and compare policy options to get the best coverage at the best price.
InsuranceHere's how carrying the proper levels of auto and umbrella insurance will keep your assets protected, no matter your net worth.
InsuranceDon't go to work without this policy in place - especially if your work is in your home.
InsuranceEvery business is susceptible to legal action. Find out how to protect yours.
InsuranceMillennials fall into the category of high car-insurance rates. Check out some of the ways to save money, like owning an older car or leasing a vehicle.