Automobile Insurance
Most states require Auto Insurance, and the few that don't require financial responsibility, so it's a good idea to insure your car, van, or pickup even if it's not required.
There are 6 basic types of coverage that make up a policy:
- Bodily Injury Liability covers the injuries that you or someone driving your vehicle causes to someone else.
- Personal Injury Protection (PIP) or Medical Payments pays for the treatment of injuries to the driver and passengers of your car.
- Property Damage Liability pays for damage you or your car may cause to someone else's property (usually another car, but also signs, fences, etc.).
- Collision covers repairs to your car for damage caused by an accident.
- Comprehensive covers theft or damage by someting other than an accident.
- Uninsured and Underinsured Motorist Coverage covers your car and it's drivers and passengers if you're hit by an uninsured, underinsured, or hit and run driver.