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Auto Insurance Resources

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Bodily Injury Liability (BI)
  • Covers other people's bodily injuries or death for which you are responsible. Also provides legal defense. Examples of claims include medical bills, loss of income or pain and suffering. Coverage is mandatory.
  • Most common coverage options: $30k/$60k, $50k/$100k, $100k/$300k, $250k/$500k or Combined Single Limit (CSL) options such as $100 CSL, $300 CSL, or $500 CSL

Property Damage Liability (PD)
  • Covers the damage your car causes to someone else's property. Usually it is their car, but it could be a fence, a house or any other property damaged in an accident. Also provides legal defense. Coverage is mandatory.
  • Most common coverage options: $25k, $50k, $100k, $250k

Uninsured/Underinsured Motorist Bodily Injury (UM/UIM)
  • Covers you, the insured members of your household and your passengers for bodily/personal injuries, damages, or death caused by an at-fault uninsured or hit-and-run driver, or caused by the negligence of a person with insufficient insurance. Coverage is optional.
  • Most common coverage options: $30k/$60k, $50k/$100k, $100k/$300k, $250k/$500k or Combined Single Limit (CSL) options such as $100 CSL, $300 CSL, or $500 CSL

Uninsured/Underinsured Motorist Property Damage (UMPD)
  • Covers your auto when property damage is sustained by an insured and the negligent operator does not possess insurance. Or covers your auto when property damage is sustained by an insured and the negligent operator possesses insurance, but the limits of liability carried by the negligent driver are not sufficient to cover the damages. Coverage is optional.
  • Most common coverage options (if selected): $25k, $50k, $100k, $250k

Personal Injury Protection (PIP)
  • Covers you and your passengers for medical expenses, funeral expenses, and lost wages that result from an accident, regardless of fault. Coverage is optional.
  • Most common coverage options (if selected): $2.5k, $5k, $10k

Medical Payments (MedPay)
  • Covers you and your passengers for medical expenses from a car accident, regardless of fault. Coverage is optional.
  • Most common coverage options (if selected): $1k, $2k, $5k, $10k

Comprehensive Deductible (Other Than Collision/OTC or COMP)
  • Covers your vehicle, and other vehicles (in limited scenarios) you may be driving for losses resulting from incidents other than collision. Examples of claims include theft, flood, fire, hail, or animals. It pays to fix your vehicle less the deductible you choose. Coverage is optional.
  • Most common deductible options (if selected): $250, $500, $1000

Collision Deductible (COLL)
  • Covers damage to your car when your car hits, or is hit by, another vehicle, or other object. Pays to fix your vehicle less the deductible you choose. Coverage is optional.
  • Most common deductible options (if selected): $250, $500, $1000

Towing/Labor (TL)
  • Provides payment for an authorized service representative to provide (1) towing of a covered disabled vehicle to the nearest qualified repair facility and (2) labor on a covered disabled vehicle at the place of disablement when necessary due to a covered emergency. Coverage is optional.
  • Most common limits (if selected) range from $50 to $150 per disablement.

Rental Reimbursement (RR)
  • Reimburses a client the cost to rent a vehicle if their vehicle has been involved in a covered loss. Usually is quoted as a per day amount. Coverage is optional.
  • Most common limits (if selected) range from $20 to $50 a day.

Custom Parts & Equipment (CPE)
  • Provides physical damage coverage to equipment, devices, accessories, enhancements, and changes, other than those which are original manufacturer installed, which are permanently installed or attached, and alter the appearance or performance of the vehicle. Examples of custom parts and equipment are: custom wheels, custom paint jobs, modified or custom engines, and sound systems. Coverage is optional.

Loan/Lease Payoff (GAP)
  • Covers the difference between the unpaid amount due on the loan or lease of a vehicle and the actual cash value at the time of loss. Coverage is only triggered by a total loss.
  • Coverage is optional and usually only pays up to a certain percentage of the cars value at time of loss.

Auto Insurance Tiering Spectrum

Each insurance company looks for certain things about each client to help decide how to price out that risk between Non-Standard, Standard or Preferred risks. Below are some typical things companies look for on each side of the spectrum with Standard clients having a few characteristics of both columns.

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