Car Insurance Coverage


 

Automobile Insurance:

 

Coverage for motorized land vehicles (e.g., passenger type automobiles,
pickups, vans, trucks and motorcycles). The coverage can include loss or damage
to the vehicle itself (evaluated at replacement or repair damage cost, actual
cash value, or agreed value). It can also include loss, liability, or
expense as a result of ownership, maintenance or use of any such vehicle. The
coverage also includes medical, hospital and surgical benefits to injured persons,
funeral and death benefits to survivors irrespective of legal liability if
incurred while in, upon, entering into, alighting from, or being struck by a vehicle if
such coverage is issued as part of a liability insurance contract.

There are several types of automobile insurance for private passenger
automobile coverage (where natural persons are the named insureds and the
vehicle is not used as a livery or rented to others):

  • Private Passenger Auto No-Fault (Personal Injury Protection or PIP)Car-Insurance-Stock-Photo
  • Private Passenger Auto Liability (Liability of the insured for Bodily Injury
    or Property Damage inflicted and other coverages not involving
    damage to the vehicle itself)
  • Private Passenger Auto Physical Damage (Comprehensive, Collision, and
    miscellaneous other coverages involving damage to the vehicle itself)

There are also automobile policies for commercial entities (businesses).
These include policies insuring vehicles with load capacities over 1,500 pounds,
insuring more than four vehicles, garages, automobile dealers, repair shops,
service stations and public parking places:

  • Commercial Automobile Liability (Liability of the insured for Bodily Injury
    or Property Damage inflicted, Medical Payments, other coverages not involving
    damage to the vehicle itself)
  • Commercial Auto Physical Damage (Comprehensive, Collision, and miscellaneous
    other coverages involving damage to the vehicle itself)

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