Below are the coverage types that are often required with minimum car insurance: Bodily injury (BI) liability:If you cause an accident with another driver or pedestrian, bodily injury liability coverage will help pay for medical expenses related to the other person’s injuries. It may also cover...
of car insurance are required in some states and not in others, but it’s important to familiarize yourself with the types of coverage that make up a car insurance policy. Below we broke down the basic components of what’s typically referred to as a“full coverage” car insurancepolicy: ...
This type of insurance will pay for your medical expenses after an accident, regardless of who caused the crash. Drivers in some at-fault states can purchase PIP as an add-on coverage for more protection. When researching the minimum amount of car insurance required in your state, you ...
The coinsurance clause will only be in effect at the event ofpropertyloss. During a loss, the insurance limit and the required amount to be used for insurance based on the coinsurance percentage are compared and must have a ratio equal to or greater than one, else, a penalty will be given...
The coinsurance clause will only be in effect at the event ofpropertyloss. During a loss, the insurance limit and the required amount to be used for insurance based on the coinsurance percentage are compared and must have a ratio equal to or greater than one, else, a penalty ...