Personal Finance-Vehicles Part One

Contract between you and the insurance company

• Deductible

• Policy

• Comprehensive

Pays for injuries to the driver and passengers of the other vehicle if you are responsible for an accident

• Bodily Injury Liability

• Medical Payments

• Property Damage Liability

Pays for damage to your car if it hits another car, object, or overturns.

• Comprehensive

• Collision

• Property Damage Liability

Pays for damages to another person's property when you are responsible for an accident.

• Collision

• Comprehensive

• Property Damage Liability

Covers you and your passengers for medical expenses for injuries from a car accident.

• Bodily Injury Liability

• Medical Payments

• Uninsured/Underinsured Motorist Bodily Injury

Covers you and your passengers if you sustain injuries as a result of another driver who has inadequate or no insurance

• Medical Payments

• Bodily Injury Liability

• Uninsured/Underinsured Motorist Bodily Injury

Pays for damage to your car caused by perils such as fire, theft, hail, or vandalism.

• Comprehensive

• Collision

• Property Damage Liability

The amount paid by the policyholder before the insurance company will pay.

• Policy

• Liability

• Deductible

What is the minimum amount of insurance required by WI law?

• Medical Payments

• Uninsured Motorists

• Liability

What is a way for consumers to save money when purchasing auto insurance?

• Buy appropriate coverage

• Shop around

• Take advantage of discounts

• All of the above