Press Release (ePRNews.com) - Santa Fe, NM - Mar 13, 2019 - As some refer to it, insurance is a necessary evil. We hate to pay for it, but are so glad it’s there when we need it. But, do you really know what is included in each of the coverage terms?
Bodily Injury Liability Coverage or BI cover costs associated with injury sustained by another person in an accident if it is determined that you are at fault. It can also cover legal expenses related to a covered loss, depending on the chosen policy limits. This part of insurance will not cover your injuries. There are specific limitations on who may or may not file a Bodily Injury claim. Discuss this coverage in detail with your auto insurance agent or your insurance company directly.
Property damage liability coverage is similar to bodily injury liability. This part of your coverage pays for damage to property for accidents where you are the at-fault driver, up to the limits you have purchased. This covers not only other vehicles but also other objects your car may damage, such as walls, mailboxes, and buildings.
Medical Payments pays for injury sustained by covered drivers or to your passengers in an accident, irrespective of who is at fault. It may also cover you as a pedestrian. This coverage is independent from your health insurance. You should not forgo medical payments in your insurance policy. Your medical payments coverage is meant to fill gaps in health insurance policies. Usually, Medical Payments is an elected coverage and not mandatory. For more information on your insurance needs auto insurance New Mexico Allstate Agent Melissa Sandoval is at your service.
Uninsured motorist coverage protects you if you are in an accident involving another driver that didn’t carry insurance at the time of the accident and is determined to be at-fault. This is different than Underinsured Motorist Coverage, which protects you if you are in an accident, the other driver is at-fault, and has coverage but is insufficient to cover all of the damages and injuries they may have caused. The at-fault driver’s policy limits must be exhausted prior to your underinsured coverage kicking in.
Collision coverage pays for damage to your covered vehicle in case of a collision with another vehicle or other property, less your selected deductible.
Comprehensive coverage takes care of non-collision type damages to your vehicle. This would entail events such as being destroyed by wildfires, crushed under a tree, flood damage, vandalism, theft and many other situations are covered by comprehensive insurance.
Personal injury protection is a coverage that would compensate you for claim related expenses such as medical expenses and lost wages. Claim payments are made regardless of fault up to the limits of the insurance contract.
For an expert on auto insurance New Mexico Allstate Agent Melissa Sandoval has the information you’ll need.
Source : https://agents.allstate.com/melissa-sandoval-santa-fe-nm.html