Are you confused when talking with your insurance agent? Do you wonder what your declarations page is telling you about the coverage you are paying for? Here are some basic terms you should know:
Medical Payments Coverage: Typically provides protection for reasonable and necessary medical expenses incurred as a result of bodily injury sustained by you** in a covered accident.
Personal Injury Protection (PIP): Typically provides coverage for certain expenses incurred by you** due to an accident, such as medical, hospital and funeral expenses. Lost wages benefits may also be included.
Uninsured/Underinsured Motorist Bodily Injury Coverage: Typically provides coverage if you** are injured or killed in an accident caused by a negligent driver without applicable or adequate insurance to cover your damages.
(**includes covered drivers and passengers)
To see more insurance terms check out Auto Insurance Terms to Know (Part 1)
6 years ago
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