Auto Insurance Flashcard

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What is Property Damage Liability?

Back

A type of auto insurance that pays for damage to others’ property resulting from an auto accident that is your fault.

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What does Underinsured Motorist coverage do?

Back

It pays for injuries caused by a driver who doesn’t have enough insurance to cover your loss.

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What is Comprehensive coverage in auto insurance?

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It pays for theft or damage to your car not caused by a collision, such as vandalism or weather-related incidents.

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What does Medical or Personal Injury coverage provide?

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It pays accident-related medical bills for you and your passengers, regardless of who’s at fault.

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What is a Quote in the context of auto insurance?

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A statement detailing the premium you will pay for the specific coverage you request.

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What is Collision coverage?

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It pays for damage to your car resulting from a collision with another vehicle or object.

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What is Bodily Injury Liability?

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It covers medical expenses and legal fees for injuries you cause to others in an accident.

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What is the purpose of Uninsured Motorist coverage?

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It protects you if you are in an accident with a driver who does not have any insurance.

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What is the difference between Uninsured and Underinsured Motorist coverage?

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Uninsured Motorist coverage applies when the other driver has no insurance, while Underinsured Motorist coverage applies when the other driver has insufficient insurance.

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What does a Deductible mean in auto insurance?

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The amount you pay out of pocket before your insurance coverage kicks in for a claim.