Automobile ownership represents potential liabilities for bodily injury and property damage that you do to someone else as well as damage to the significant investment that you have in your car. We carefully review the drivers, types of vehicles and use of vehicles to help us determine the right limits and company for your protection.
Partlow Insurance can offer multiple types of policies with multiple options inside of each policy. Give us a call today to talk to an experienced agent to tailor a policy to your individual needs.
Following are a few of the types of coverages to consider when considering an auto policy along with a brief description of each:
The liability coverage of the personal auto policy provides protection against legal liability arising out of the ownership or operation of an automobile. The policy agrees to pay damages for bodily injury or property damage for which the insured is legally responsible because of an automobile accident.
The liability limit can be written as a single limit that applies to both bodily injury and property damage. The policy can also be written with split limits in which the limits of insurance for bodily injury and property damage are stated separately.
The policy also states that in addition to the payment of damages for which the insured is legally liable, the insurer also agrees to defend the insured for all legal defense costs. The defense cost is in addition to the policy limits.
Medical Payments Coverage
The insurer will pay all reasonable and necessary medical and funeral expenses incurred because of bodily injury caused by an accident. These payments are made without regard to fault.
Uninsured/Underinsured Motorist Coverage
Uninsured Motorist Coverage
The policy pays for bodily injury to an insured who is injured by an uninsured motorist, a hit-and-run driver, or a driver whose insurer becomes insolvent. Some states offer coverage for property damage as part of the uninsured motorist coverage. Usually when property damage is added a deductible would apply.
Underinsured Motorist Coverage
This coverage can be added to the policy to supplement the uninsured motorist coverage. The coverage must be added to all automobiles listed on the policy, and it must be added for the same limit as the Uninsured Motorist Coverage. Underinsured motorist coverage applies when a negligent driver has liability limits at the time of an accident, but the liability limits carried may be insufficient to pay for damages that the negligent driver is responsible for. This is when the insured’s underinsured motorists coverage would apply and payment for the difference could be made. The two coverages are mutually exclusive and do not overlap or duplicate each other. An insured can collect under one coverage or the other depending on the situation, but not under both.
Physical Damage Coverages
This coverage provides protection against the upset of your auto or non-owned auto or a collision with another vehicle or object. Collision losses are paid regardless of fault.
This coverage provides protection against any loss or damage to a covered auto resulting from loss other than a collision or upset, or a loss specifically excluded. This coverage also provides for supplemental payments for transportation expenses in the event of total theft of a covered auto or a non-owned auto.
Each carrier is unique and all have multiple endorsements to their policies that may add specific coverages that you may need or want. Talk to one of Partlow Insurance’s experienced personal lines agents today and they will help you understand what coverages are available and what your specific risks are.
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