Since the majority of lawsuits involve motor vehicle

Since the majority of lawsuits involve motor vehicle crashes, it is important to understand the automobile Insurance Declarations site. Below is a quick explanation:

Actual Injury - Bodily Injury insurance policy coverage protects you and your assets if you result in an accident and cause injury to a second. This is the coverage that would be available to the injured person if he or she made some sort of claim and/or filed a lawsuit towards you. The State requires that you carry no less than $15, 000/$30, 000. What this means is that your own insurance company will pay personal injury damages up to $15, 000 per person per collision, but not more than $30, 000 overall per accident regardless of the number of individuals claiming injuries.

Bodily injury limits come in many amounts: $15, 000/$30, 000; $25, 000/$50, 000; $30, 000/$60, 000; $50, 000/$100, 000; $100, 000/$300, 000, etc. To ascertain your coverage needs, consider what insurance policy coverage you would need to protect your investments, home, and your family.

Uninsured Motorist/Underinsured Motorist (UM/UIM) - After your body injury protection, this is probably the most important protection. This protects you and your family if you are injured in an accident, that is not your carelessness, and the other party is either 1) Uninsured; or 2) Does not carry enough insurance to compensate you or your family for your injuries and damages. While the Point out of California requires all individuals to carry insurance, there are many uninsured drivers still out there. The minimum restrictions of insurance required by the Point out are $15, 000/$30, 000 and could ca truck driving companies not be enough to compensate you and your family should you be involved in an accident with someone who includes minimum limits.

A good rule is usually to carry as much UM/UIM coverage since you would Bodily Injury coverage. You want to be sure that you adequately protect the assets with your BI coverage so you want to be sure that you protect you and your family along with your UM/UIM coverage. Under California Legislation, if you choose not to have UM/UIM insurance coverage, you must sign a waiver question this coverage.

Medpay (MP) - This coverage is available to pay your own medical bills if you are involved in an collision, regardless of fault. This coverage will probably pay up to its limit for a single accident for you and each person in your vehicle that sustained an injury. This portion of your policy can also include you if you are in someone else's car or truck and either they do not have MP coverage or that coverage has long been exhausted. This coverage is only for your needs and others in your vehicle. It does not cover up persons in any other vehicle mixed up in accident.

Medpay coverage designated when Excess Medpay (MPX) will only pay off after your group health insurance (if any) has paid. It will next pay your co-pays or outside pocket expenses not covered below your group health policy.

Property Harm - This coverage is for damage sustained to any vehicle (other compared to your own) or other home (highway signs, telephone poles, buildings, etc) when you are involved in an accident. The minimum coverage is $5, 500, an amount insufficient to repair most cars. This coverage is for all damages in a single accident, so if you are involved in a multiple car accident, damage property, or perhaps you damage a structure, you may not have enough coverage.

Comprehensive, now commonly named "Other than Collision" Coverage rapid This coverage covers your vehicle in case it is broken into or sustains damage unrelated to an automobile accident. Under this kind of coverage, you will have to pay a deductible prior to the insurance company will repair the damage towards your vehicle or replace stolen asset.

Collision - This coverage will pay for damage to your vehicle when it is involved in the collision. This coverage will pay irrespective of fault. Under this coverage, you have got to pay a deductible before the insurance company will repair the damage to your vehicle. Throughout California if you do not have Collision insurance, Uninsured Motorist Property Damage insurance coverage pays up to $3, 500 for repairs to the insured vehicle. In case you have Collision coverage, Uninsured Motorist Property or home Damage coverage pays your Impact deductible.