Angelica Luna

 Insured ◦ This is any one who is included under the P.A.P and is covered by the insurance company.  Insurer: ◦ The Insurance Company  Limits of Liability- ◦ max amount of $ an insurance company will pay for a loss.  BI- Bodily Injury  PD- Property Damage

◦ Includes all of your coverage's & other general provisions. ◦ May be referred to as your Auto Declarations Page ◦ Two types:  Split Limit Policy  Combined Single Limit Policy

 Liability  Medical Payments  Uninsured Motorist  Damage to Your Auto

Split LimitsCombined Single Limits  Two limits apply to BI & PD Ex: ◦ 100/300/50  The 1 st # represents the BI limit per person  The 2 nd # represents the BI limit per occurrence  The 3 rd # represents PD per occurrence  One limit applies to both BI & PD  Example: 300,000 CS

 Insurer will pay, up to the policy limits, for Bodily Injury or Property Damage to OTHERS by ANY DRIVER of a vehicle insured under the policy.  Two Types ◦ Bodily Injury Liability ◦ Property Damage Liability  Bodily Injury ◦ covers medical expenses, pain and suffering, lost wages, and other special damages.  Property Damage Liability ◦ covers damaged property, and may include loss of use.

 Pays reasonable and necessary medical and funeral expenses for covered persons when those expenses are related to an auto accident.  Provides coverage for reasonable expenses incurred within 3 yrs. For necessary medical and funeral services b/c of bodily injury: ◦ 1) caused by accident ◦ 2) Sustained by an insured  Meaning if you were hit as a pedestrian you are covered by this.

o Definition: liability coverage that is purchased with a policy in case you the insured or your passengers are injured by another motorist who has no Auto Liability Insurance or not enough liability insurance. o Limits must be equal the state minimums for Bodily Injury It’s ok I do. I don’t have insurance.

 Most known as Full Coverage, purchased to insure your car  Two Deductibles ◦ Collision- coverage helps pay for damage to a covered vehicle caused by:  Collision with another vehicle  Collision with an object  A vehicle rollover  Comprehensive- helps pay for loss of or damage to an insured vehicle, not caused by a collision or vehicle rollover. Examples include: ◦ Fire ◦ Wind ◦ Vandalism ◦ Theft ◦ Hitting an animal