Auto Insurance Flashcards

Front

Bodily Injury

Back

Physical harm, sickness, or death.

Front

UM/UIM Rejection

Back

Must be in writing and signed by the insured.

Front

Required Limits

Back

Same as liability minimums unless higher limits are selected.

Front

Personal Auto Policy (2005 Edition) Definitions

Back

Clarifies terms like “you,” “your covered auto,” “occupying,” and “family member.”

Front

Liability Coverage

Back

Pays for bodily injury and property damage the insured is legally responsible for, including defense costs.

Front

Supplementary Payments

Back

Covers additional costs like bail bonds, appeal bonds, and lost wages during court appearances.

Front

Exclusions

Back

Common exclusions include intentional acts, using a vehicle for hire, or driving without permission.

Front

Medical Payments Coverage

Back

Pays medical expenses for the insured and passengers, regardless of fault.

Front

Uninsured/Underinsured Motorist Coverage

Back

Pays for injuries caused by drivers with no or insufficient insurance. Must be offered and can only be rejected in writing.

Front

Collision Coverage

Back

Covers damage from impact with another vehicle or object.