The
liability coverage in your auto policy pays damages, which an insured
becomes legally liable to pay because of bodily injury damage to others
and property covered by an accident resulting from the ownership, maintenance
or use of your car. Most state laws require that you carry a minimum
amount of liability insurance.
Our
agents will work directly with you to help identify your specific automobile
insurance needs. We have listed below some basic terminology and a brief
explanation of their meanings to help guide you in understanding coverage
options that are available.
Bodily
Injury Protection: Protects you against financial loss if someone
is killed or injured by your auto and you are found liable. Your legal
expense and court costs would also be included for a covered suit, as
would your bail bond expenses.
Property
Damage Liability: Covers you against financial loss if you are found
liable for damage to other people's property caused by your auto.
Uninsured Motorist Coverage: Pays damages for bodily injury or
death caused by an uninsured driver or hit-and-run driver who is legally
responsible for the accident.
Underinsured Motorist Coverage: This coverage pays benefits for
bodily injury or death caused by an insured driver whose Liability Insurance
limit is insufficient to cover the losses incurred. We pay these benefits
to you and passengers in your vehicle, or to any pedestrian you injure.
Personal Injury Protection (No-Fault: Reparation Benefits): Pays
benefits for the cost of personal injuries resulting from an automobile
accident. This coverage applies without regard to who was at fault in
the accident. Personal Injury Protection applies only to injuries to
people. It does not cover damage to a car, or to any other property.
Medical Payments (not required in all states): Often included
in Personal Injury Protection Coverage and pays up to your policy limit
for reasonable medical expenses incurred within three years of an accident.
Medical Payments Coverage applies to everyone in your auto. It also
applies to you, and relatives living in your household who are insured
in other automobiles or who are struck by a vehicle. In many states
you may choose your own Medical Payments Coverage limit.
Collision: Pays for the actual cash value of damages to your
covered auto (up to the auto's actual cash value) caused by an impact
with another vehicle or stationary or moving object. The amount of your
deductible will be subtracted from any settlement. You may want to consider
this coverage if your auto is seven-years-old or newer.
Comprehensive ("Other Than Collision" coverage): Pays
for losses to your covered auto (up to its actual cash value) which
are not caused by collision. This includes damage caused by fire, theft,
glass breakage, riot, windstorm and hail. The amount of your deductible
will be subtracted from any settlement.
Towing and Labor Coverage: If your car becomes disabled, this
coverage pays for towing and labor to repair your car, up to your policy
limits.
Rental Car Reimbursement Coverage: If your car becomes disabled
and you need to rent a substitute, this coverage pays the cost of the
rental car, up to your policy limits.
For
more detailed information we have provided additional specific resource
links.
Specific
Resources
Insurance
Information Institute - What is Auto Insurance?
No
matter what specific automobile insurance needs you have, Kape Insurance
can work with you to resolve these insurance issues. Although Personal
Auto Quotes are not available online at this time, please stop in our
office Monday thru Friday from 9:00am - 4:00pm.
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