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Thursday, January 26, 2017

7 PARTS Of Auto Policy

SEVEN Parts Of Auto Policy

1 - LIABILITY:

Liability pays when YOU are at fault and accounts for 36% of total premium. It is broken into two parts: Property Damage - pays for repairs to other persons car and Bodily Injury - pays for injuries to other person.

2 - COLLISION:

Collision is 33% of total premium and repairs your car regardless of who is at fault.

3 - COMPREHENSIVE:

Comprehensive is 17% of premium and pays for non accident losses like theft and glass breakage.

4 - UNINSURED/UNDER-INSURED MOTORIST:

This is 7% of premium and protects YOU if the other at-fault driver does not carry enough coverage to pay ALL of your claim.

5 - MEDICAL PAYMENTS:

This is 3% of premium and pays medical and lost wages for you and your passengers.

6 - CAR RENTAL:

Rental is 3% of premium and provides you with a car to drive while repairs are being made to your car.

7 - TOWING & LABOR

This is 1% of premium and works just like a auto club.

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