(1) Liability insurance is a kind of third-party coverage. It pays money damages to a third-party who/that sustains harm (that can be measured monetarily) as a result of the insured’s negligence (carelessness). The amount payable is limited by the policy boundaries, which in turn depend upon the amount of coverage that the insured purchased. (Two) Medical payments coverage is also third-party coverage. It pays reasonable medical expenses incurred by a third-party, sometimes without regard to fault. Frequently, an insurer will be willing to pay medical expenses in comeback for avoiding a lawsuit. (Three) Uninsured motorist coverage is first-party insurance maintained by the proprietor of a vehicle. It is intended to pay money damages to the possessor, driver and/or passengers who are injured in a collision with a vehicle that does not have liability insurance (which would otherwise pay that/those damages. There is a variant of uninsured motorist coverage called “underinsured motorist coverage”. It applies in situations where the at-fault party’s liability insurance is insufficient to fully compensate the injured person(s) for his or her injuries. Therefore, the injured party may have a claim against the at-fault party (to the extent of his/her coverage) and their own insurer (for underinsured motorist benefits). Generally, payment takes into account the degree of fault of the insured for causing the collision (because it serves as the functional equivalent of the other party’s liability coverage. (Four) Comprehensive coverage is first-party insurance that covers categories of physical harm to the insured vehicle that are not caused by a collision. An example would be flooding of a vehicle during a hurricane, or a tree falling on it. (Five) Collision coverage is first-party coverage that pays for the repair or pays the actual cash value of the insured vehicle if it is bruised in a collision. Payment is made without regard to fault. The net payment to or on behalf of the insured is diminished by the policy collision deductible. that the insured selected at the inception of the policy. Most states require an insurer to proclaim a vehicle to be a “total loss” if the cost of repair will exceed a stated percentage of its actual cash value. In that event, the insurer pays the actual cash value less the deductible. In some cases, the insured wishes to retain the salvage (the remains of the totaled vehicle). In those cases, the value of the salvage is also deducted from the payment to the insured.
Liability insurance: The coverage found on any auto policy that treats harm you cause to another person’s property, either directly or indirectly with your car.
Medical Payments Insurance: Can be either Medpay or PIP. PIP — or “private injury protection — is required in many states, and essentially treats your medical bills in an auto accident, regardless of who is at fault. (summary:will re-attach your fingers if chopped off in a accident)
Uninsured Motorist: Can be for either property harm or bodily injury, and essentially makes your carrier step in when the at-fault party is either uninsured or doesn’t have enough coverage to treat all your damages. Most people have UMBI (for bodily injury), and mistakenly believe it covers property harm to their cars as well. It doesn’t. (summary:will pay for your loss of income as you are an architect whos fingers were cut off and had to miss work for two months while in physical therapy)
Comprehensive: A voluntary coverage that, along with collision, constitutes “utter coverage” on a vehicle. This is for “non-collision” type accidents, even when you collide with an animal. Essentially, it’s to protect your car when you aren’t at-fault for a loss. Includes coverage for hail, flooding, etc.
Collision: Another voluntary coverage, which treats collisions or overturns involving your vehicle. This is triggered whether you’re at-fault or not for a loss, in that it’s specific to your vehicle colliding with another object or overturning.
What does comprehensive auto insurance cover?
Comprehensive auto insurance covers theft, fire, vandalism, weather harm, riots, and other similar acts which may cause harm to a vehicle. Comprehensive auto insurance does not usually cover acts of God, theft or vandalism by family members or employees, contents of the vehicle, or harm due to improper maintenance. Comprehensive is Fire, Theft, and Vandalism (and also if you collide w/ an animal)
If you have uninsured motorist insurance are in an accident and its you fault other driver has no insurance or drivers license can you get your car motionless if you only have liability insurance?
As a broker, I can tell you NO, there is no coverage if you are at fault. Now if you are only partially at fault, example, 50%, and it’s proven, there may be coverage under your carrier. I’m in Canada where things are a bit different but it wouldn’t hurt you to attempt right?
If you are hit by an uninsured motorist and it is their fault will your insurance rates increase?
I had this happen to me and I called my insurance company to ask this question. They told me they will not response the question. I must file a claim if I want to get an reaction. Nice huh?
What is collision and comprehensive on an auto insurance policy?
I am a licensed insurance agent. Comp is if your vechile is stolen, or bruised by something other than a car which you will have to pay the dec. Coll is if you get into a car accident and say the person did not have insurance then your coll would kick in. But in most cases there property harm will cover you depending on the state. I am from Florida and it is a no falt state so it doesnt matter. You need to check with your agent and see your dectibable. I would suggest uninsured motorist just in case they don’t have insurance your medical will be paid. But that has nothing to do with the com/coll. hope it helped.Tammy
Who pays the medical bill if you are involved in an accident where the at fault party is uninsured and you don’t have uninsured motorist coverage but you do have medical insurance?
This is a good question. My spouse was hit by a car while on his motorcycle last June. He DID NOT have uninsured motorist on his bike and the woman had no insurance at all, so unluckily we could not go after her for any money. He was in the hospital for one month, 8 surgeries and is still incapable to walk like he used to and may never be able to. He lives in constant agony and because we did not have uninsured motorist coverage on the bike, we are at a loss. However, I am attempting to use my auto insurance to attempt to recoup some money. My hubby’s health insur. paid the hospital bill of over $300.000.00, but now has a lien on my home for the remaining balance of $165,000.00. My attorney is in negotiations to get that waived. We did recoup $25,000.00 from the possessor of the car she was driving’s insurance, but Blue Cross is taking that, we do not get a penney. My attorney never advised me to use my medical coverage of my insurance, so I don’t know if that could help or not. Maybe I’ll attempt that route too!!.
Hope I’ve been of some help..
Check your auto insurance policy to see if you have medical payments that will pay your medical expense up to $ amount. If you do, then your insurance company will pay up to the $ amount. Or, if you do not have auto medical insurance, have your regular medical insurance pay..
The person at fault needs to pay your bill. You need to take him to court and have his wages garnished for your bills. If that is not a possibility for you, then your medical insurance should cover it. ResponseAlso, check with your insurance agent regarding the extra medical coverage you may have purchased along with your auto insurance policy. Most have some.
What does auto comprehensive insurance cover?
Comprehensive is Fire, Theft, and Vandalism (and also if you collide w/ an animal)
What is Auto collision insurance?
Collision coverage pays to repair or substitute your vehicle if you are determined to be ‘at-fault’ (you caused the accident). Typically, a deductible (amount you pay out of pocket) applies to this type of coverage. The most common deductibles are $500 to $1000, but can be lower or higher. Comprehensive (also known as “Other Than Collision”) coverage is usually included on policies with Collision coverage. It covers theft, vandalism, flooding, fire, animal harm, glass harm (not caused by a collision) and severe weather harm (hail, wind, tornado, hurricane, etc). If a vehicle is financed, both of these coverages are considered mandatory to protect the lender. Collision claims will usually cause your insurance rate to increase at your next renewal. Most insurers don’t penalize you for Comprehensive claims because they weren’t caused by your negligence.
What is comprehensive auto insurance?
If you are in the process of quoting auto insurance, chances are the term comprehensive coverage has come up fairly often. Comprehensive auto insurance coverage is a coverage that will pay to repair or substitute your vehicle in the event of a covered loss up to the fair market value of the vehicle. Covered losses that fall under comprehensive include: fire, theft, vandalism, hail, and wind harm. Falling objects and hitting a live animal also fall under comprehensive. If you are financing your vehicle, you will be required to carry both comprehensive and collision coverages to please lender requirements. The state does not require comprehensive or collision coverage.
If an insured motorist is at fault and hits an unisured motorist will the insured motorists insurance company pay the expenses of the uninsured person?
Yes, this is because as you stated, the insured driver was at fault. The at fault driver is responsible regardless of the insured status of the person they hit..
A good rule of thunb is this,, If they had insurance would I be responsible If the response is Yes, then the reaction is still Yes
If you are an insured motorist and get hit by an uninsured motorist should you use your job’s individual medical insurance or your auto insurance or both?
More than likely, you will begin by using your private medical insurance. Medical expenses and lost wages can possibly be reimbursed through the uninsured motorists coverage. Uninsured/Underinsured coverage laws vary by state. Contact your insurance agent for a total explanation of how this coverage would work onyourpolicy.
Can a medical insurance company recop money paid by uninsured motorist?
Yes, they can. When you enrolled in the health plan and when you submitted the claim, you agreed to permit them to recoup money from any responsible party. It does not matter whether the responsible party was insured or uninsured; if they paid, the health plan has the right to recoup the money it paid for your care.
What is liability auto insurance?
Liability auto insurance protects you from judgments against you in the event that you cause harm with your vehicle. In Nebraska, it usually emerges represented in this way: 100/300/100. In that representation, 100 refers to $100,000 worth of coverage per person for Bodily Injury caused by your negligence, 300 refers to the aggregate per claim limit of $300,000 in Bodily Injury caused by your negligence, and the final 100 refers to $100,000 worth of coverage for property harm per accident as a result of your negligence.
Auto insurance liability?
Most of the auto insurance packages come with liability insurance included, since it is usually required by the law. The main purpose of the liability insurance is to provide compensation in case of an accident. In order to make things clearer for you, when you, for example, are involved in a car crash and you have liability insurance in place, the insurance company will pay compensation to the other side. You can also check out my related links for more information and examples.
In a collision an uninsured motorist was at fault who pays for the harm insurance or uninsured motorist?
The insurance will pay for your harm if you have insurance fromunderinsured motorists. Otherwise, the motorist will pay for it whodoesn’t have insurance if they have any money.
What is comp and collision auto insurance?
Collision is meant to cover your car when it collides with something else. Comprehensive is also sometimes called other than collision, so it usually covers the other things that can happen such as fire or theft.
Is there a deductible on comprehensive auto insurance?
Yes. Most insurance companies do have a deductible for this kind of insurance. Most deductibles are 500. This can be a normal charge for a deductible.
Should you get uninsured motorist insurance?
Unluckily, yes. Albeit the laws require every motorist to have adequate insurance coverage in order to register their vehicles, some will do just that and once they receive their current vehicle license, drop the insurance simply because they cannot afford it and eat, too. You should also get “under-insured” motorist coverage too … some may have the absolute minimal insurance that simply will not cover enough of the expenses that are incurred by accident victims.
Why get uninsured motorist insurance?
Because there are many people who are driving without insurance coverage in our nation. Far more than you realize. It is a stupid and reckless crime but it happens all the time. If you do not have uninsured motorist coverage you will be on your own to attempt and collect your damages from someone who has chosen not to pay for legally required insurance. How well do you think you will do on collecting from this type of person. Plus the insurance company pays for the legal fees involved in getting judgements and collection.
What is the benefit of having uninsured motorist coverage and medical payments on your auto insurance policy?
The benefit of having uninsured/underinsured motorist coverage is that almost 20% of us drive around with no insurance. There’s also a good percentage of high risk drivers with minimum coverage running around. That’s fairly a pool of drivers we’re up against every day. You want to be able to cover your losses if you are involved in an accident with someone like that..
As far as having medical payments–this protects you and whoever you have in your car for medical coverage. If you don’t have health coverage, it’s a biggie. Medical coverage also protects you if you are walking and get hit by a car.
What is liability coverage on auto insurance?
This means that if the accident was your fault, your insurance will pay(up to an amount that is on your policy) for the other property and persons involved in the accident. Liability insurance does NOT cover your vehicle harm..
What does auto liability insurance cover?
Auto liability insurance is specifically designed to cover any harm caused to other vehicles if you have an accident. It does not cover reapirs to your own vehicle. It is by law the minimum requirement for insurance in every state.
Does uninsured motorist insurance pay if you hit a deer?
Uninsured motorist covers you in the case you are in an accidentwith another driver that does not have insurance. Comprehensivecoverage is what will pay when you hit a deer.
What is uninsured motorists insurance?
Uninsured motorist coverage is a type of first-party auto insurance that compensates one if he/she is injured in a collision due to the negligence of someone else who does not have bodily injury liability coverage. Essentially, it pays the same sort of damages as the at-fault party’s bodily injury liability coverage would have paid if it existed. It only pays for compensable bodily injuries–not property harm. In many States, uninsured motorist coverage must be suggested in the same amount as one’s liability coverage. However, the insured usually has the right to select lower boundaries or reject it altogether.
How much medical payment auto insurance coverage is right?
This question is very rough to response well. I know in PA medical from auto insurance is the very first source used to cover a medical expense. If you have a decent health insurance plan this can provide coverage over top of the medical from your auto..
However,as the deductibles on health care are enhancing and many policies have lifetime thresholds, I would suggest getting a fairly high limit if you are able to afford it, in this category..
Anyone who needs assistance with insurance in PA is welcome to contact me, I work for an independent agency in York PA www.ekmcconkey.com
What is collision auto insurance?
Collision insurance pays for harm that happens to your vehicle in an accident if it is your fault. It does not pay for the other vehicle or property involved in an accident. It is not required by law but it is very recommend especially if you financed the vehicle and are still paying off the loan.
What is nonowner auto liability insurance?
This is a type of auto liability coverage that can be purchased when the buyer does not own an automobile. While auto liability insurance is typically said to “go after the car”, meaning that it correlates with a particular vehicle, non-owner’s coverage “goes after the driver”. In that sense, it covers the driver irrespective of the vehicle he/she is driving.
Where is the limit of insurance company liability for uninsured motorist coverage listed in the policy?
It would be listed on your declaration page which is mailed to you at each renewal period. Listed very first would be your Bodily Injury boundaries and under that would be your uninsured/underinsured liability if you have it.
You have collision insurance is uninsured motorist insurance necessary?
Collision insurance will cover the damages to your vehicle- no matter who is at fault. Uninsured coverage is used if the other vehicle is at fault for the accident and you and/or anyone in your car is injured. This coverage will typically pay for related medical bills, loss wages, and general damages (i.e ache and suffering). Liability = Other vehicle harm Injuries to driver/passenger in other vehicle Injuries to passengers in your vehicle if you are at fault Collision/Comprehensive = Cover damages to your car Uninsured/Under-insured = Injuries to you or your passengers when another vehicle is at fault and does not have insurance or has minimum coverage
What is the collision deductible for in auto insurance?
You are able to chose your own deductible, but you have the car financed or leased, they may dictate the maximum limit.
How does comprehensive medical insurance differ from basic medical insurance?
Basic medical insurance usually just covers things like Hospitalization. Whereas comprehensive coverage will cover your office visits, medications, surgery and hospitalizations. Of course, keep in mind that there may be deductibles involved.
What does liability auto insurance cover?
Damages to other’s vehicles, property, or persons in an accidentwhere you were foundat fault . In “no fault states” eachperson’s policy covers the other’s damages without requiringdetermination of fault.
What does auto collision insurance mean?
Auto insurance consists of both liability insurance and physical harm coverage. Collision coverage is part of the physical harm section of an insurance policy and is designed to either repair or substitute your vehicle if you are involved in an accident up to the fair market value of the vehicle. Collision will pay for both damages caused in an at-fault accident and damages caused in a not at-fault accident if the other party did not have insurance. If the other party did have insurance and they were responsible for the damages, the other party’s liability insurance would pay for your vehicle damages through Property Harm coverage. You are responsible to pay for your collision deductible for at-fault accidents before a claims payout will be made.
Will sr22 insurance pay for damages done by a uninsured motorist?
It’s just auto Insurance. If you purchased coverage for uninsured motorists coverage option then yes you will be covered.
What does uninsured motorist and under insured motorist insurance cover?
Uninsured motorist coverage pays damages for bodily injuries when the at-fault driver or proprietor of a vehicle has no bodily injury liability coverage. It pays an amount up to the amount purchased by the insured, and is generally not a required coverage. In those states that utilize a comparative negligence rule of determining fault for a collision, the amount that the inured party can recover is diminished by the amount of liability attributable to him/her. In that respect, it operates similarly to the evaluation of the injury and damages if the at-fault party did have bodily injury liability coverage. Underinsured motorist coverage serves essentially the same purpose. However, it is triggered when the at-fault party’s bodily injury liability coverage is less than the injured party’s uninsured motorist coverage. Further, in order to be triggered, the “value” of the injury must exceed the liability coverage of the at-fault party.
Does liability insurance cover you from an uninsured motorist?
No. Liability insurance protects you from claims by third parties if an occurrence is alleged to be your fault and the third party claims compensable damages. It indemnifies you (pays damages on your behalf), and provides a defense (hires and pays an attorney at its own expense-if it wishes to contest liability or damages). A liability insurance policy is triggered only if the allegations made against you arise from a type of risk contemplated by the policy–for example, an auto liability policy will not apply to a trip-and-fall claim made in a store that you operate. Uninsured motorist coverage is a different coverage. It pays to you the same kind of damages, based upon an assessment of relative fault and seriousness of damages, that the at-fault party’s liability insurance would have paid if that person had liability insurance. It generally applies to only bodily injury damages-not property harm. A useful paradigm by which to think about it is that liability coverage is “third-party” coverage (pays to injured third parties based upon your fault), whereas uninsured motorist coverage is “very first party” coverage which you maintain as a source of compensation for yourself if the at-fault has no bodily injury liability coverage.
Does insurance agencies report uninsured motorist to the police?
I do believe that they do. I was charged with such before but I had switched carriers and I had my documents to prove it.
What happens if you only have liability insurance and an uninsured motorist hits your car when its parked?
Liability insurance protects you only from a claim for damages by another party if you were at fault for a collision; it does not pay to repair your own car. Therefore, if the other party was not insured, you must pay for the repairs to your car yourself. Whether or not you do will depend upon whether the cost of repair is commensurate with the value of the car. That is, if the cost of repair is substantially more than the value, it may not make business sense to do the repairs. You are also free to file a civil lawsuit against the at-fault party to recover the cost of repairs. In making the decision as to whether or not to do so, you will need to evaluate if the other party has the means to pay any judgment entered against him/her. If the capability to pay is questionable, you will want to consider compromising for a lower amount, or accepting payments over a period of time.
What are auto insurance liability boundaries?
This term refers to the maximum amount of money that the insurer is obliged to pay on your behalf in the event of a collision. The premium that you pay to the insurer for this protection is a function of many factors, once of which is the liability thresholds. Liability boundaries are usually voiced in terms of an amount payable per person, and a larger amount payable per event or occurrence. This means that if an event occurs that is your fault and that is covered by the policy, the insurer may be required to pay a maximum of $X to each person who is injured or harmed. Further, it means that if numerous people were injured or harmed by the same occurrence, the insurer is liable for payment of up to the “per occurrence” thresholds, but no more. All of this is contingent upon the person insured being legally liable for the occurrence. This generally means that the person must be found to have been negligent.
Is there a deductible on liability auto insurance?
Not with respect to individual auto insurance. However, when commercial auto insurance is involved, especially fleet coverage, there sometimes is. It is not called a deductible, but a “self-insured retention”. The insured selects an amount that it is willing to pay toward the indemnity of a third party before the insurer’s obligation to pay is triggered.
What do you call comprehensive and collision insurance if you have both?
We used to call this “total coverage” but insurance companies do not use the term “utter coverage” anymore because there are always cases where there is no coverage. Such as harm done intentionally by the insured, and certain other infrequent occasions. I’m sure some lawyer sued when someone burnt their own car up because the agent said he had utter coverage.
How is auto liability insurance different from comprehensive insurance?
Liability insurance only covers someone else in the case that you are responsible for damages caused in a collision. Comprehensive coverage will cover a driver that you hit, as well as cover yourself for any damages inflicted during a collision.
What does comprehension mean in auto insurance?
It is other than collision insurance. It covers hail, stolen vehicle, hitting an animal, and vandalism.
What is the difference inbetween utter coverage auto insurance and comprehensive and collision insurance?
This is a good question. Total coverage was a term that used to be used in insurance to describe a policy that had liability, comprehensive, collision and any other endorsements that the client desired such as rental coverage and whatever else. Due to it being the day of suing over everything we don’t use the term any more because too many attorneys have wooed people that total coverage had to mean every possible coverage that there is and then some even however the person knew what they bought. No individual responsibility for reading the policy or at least the declarations summary page, just sue. So now we don’t say total coverage any more, we name each coverage separately.
What happens in a hit and run and you have uninsured motorist in your liability insurance?
Liability only protects you from claims, UM is almost always only for injuries only. If they caused the harm, you have to track them down and make a claim against their insurance if they have any and you can find them. Check with your agent, we can only provide general answers that apply to most people in most states.
Auto loan and no collision insurance?
Don’t do it as you are likely violating your contract and the auto will be repossesed or you will be charged for compelled place coverage or both.
What does comprehensive general liability insurance cover?
Comprehensive general liability insurance covers businesses against many liability exposures of a business. Comprehensive general liability insurance coverage includes ended operations, elevators, independent contractors, and more.
What is the definition of Comprehensive Liability Insurance?
Comprehensive Liability Insurance means protection against claims of property harm or individual injury when filming on public property. This is a very accurate definition.
Can blue cross be reimbursed on a settlement from an auto insurance uninsured motorist policy?
This will depend on regulations for different states as well as policies. In most cases automobile medical payments will pay before health insurance will be responsible for remaining expenses from an automobile accident. If Blue Cross was billed and paid very first before finding out that their was payment due from the person’s auto policy then yes, Blue Cross will have to be reimbursed for the payment they made.
What is difference of commercial liability insurance and commercial comprehensive insurance?
Liability provides coverage for claims or losses in which you canbe held liable for damages or in which you have been accused ofbeing responsible. Comprehensive coverage would also provide coverage for otheraspects of your business, such as property, inventory, businessautos and equipment, cash flow, etc..
Do you need liability insurance if you have comprehensive insurance?
Generally, you can’t buy comprehensive without very first buyingliability coverage. Liability covers harm you do in an accidentif it is your fault. Comprehensive will not even pay for yourvehicle in an accident. It only covers fire, theft, vandalism,animal collision, etc.