When dealing with an auto insurance policy or an accident, you’re likely to come across some terms that may be unfamiliar. Here are five key terms you should know and understand in the event of an accident.
1. Bodily Injury Liability
This term refers to the costs associated with bodily injuries sustained in an accident. As the party responsible, you are liable for these damages, which can include medical expenses, treatment, and any loss of income due to the injuries from the accident.
2. Uninsured Motorist Coverage
Despite Illinois requiring minimum insurance, not all drivers comply with this law. If you’re involved in an accident with an uninsured driver, you can use the uninsured motorist coverage in your policy to help cover any costs associated with the accident until you can seek reimbursement for the damages in court.
3. Personal Injury Protection
This term refers to financial coverage for your lost income, medical expenses, and any other costs incurred due to injuries sustained in an accident that wasn’t your fault.
4. Collision Coverage
Collision coverage pertains to the damage your vehicle sustains when it is hit by another vehicle, objects in a parking lot, or damage from a pothole while driving. This coverage will provide the necessary financial support.
5. Comprehensive Coverage
Comprehensive coverage refers to the damage done to your vehicle during events like theft or vandalism while it was parked. If your vehicle is stolen or property is stolen from your vehicle during the event, comprehensive coverage will repair and replace these items.
If you’re in the Crystal Lake, IL area or surrounding towns and need auto insurance, contact us at August Vincent Insurance Agency today. We look forward to providing you with a personal quote.
