Question:
What are the different auto insurance coverages and what are they used for?
Answers:
How should I handle a car accident?
The first number means that up to $25,000 will be paid to each person that has bodily injury. The second number means that no more than $50,000 will be paid out per occurrence (accident) for bodily injury, and the last number means that no more than $10,000 will be paid out for phyical damage to vehicles or property. That is liability insurance. Usually you are covered under uninsured/underinsured motorist coverage for the same amount unless you reject that coverage. This means if the other person carries no insurance and is at fault, that you can still collect from your own policy. Comprehensive coverage takes care of hail damage and weather-related damage, and collision covers you in case of an accident.I sold my car in California and canceled my insurance, do I have to surrender my plates?
Angie is correct but with some states the uninsured and underinsured motorist is just for the bodily injury to yourself if the other party has low liablity limits or does not have insurance. Some states give you uninsured motorist coverage to cover the damage to your vehicle if someone that hits you does not have insurance.My husband got a DWI in a different state...does it affect his driving record in other states?
The best person to explain all the coverages is your insurance agent. This way you know what is specific for your state. If you call your agent they will be happy to explain this to you
What should I receive from an insurance company after a car accident?
25 means 25,000 for property damage, which is the most paid out of your policy if you cause damage to someone else's property, no matter how many vehicles involved or for example you take out a fence. Whatever property you damage.50 means 50,000 for bodily injury. If you hurt someone else and the accident is your fault. That's the max your policy will pay out.
Can you transfer car insurance to someone else?
10 means, 10,000 paid out if an uninsured person hits you. This is tricky. You have to get ID on the person who hit you. In some cases, if the person who hits you is uninsured, they will try to flee the scene. That's why you must get a plate number or something to ID them, or your insurance carrier will not pay your damages under that coverage.
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