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The last number means that your policy helps pay up to $25,000 for property damage per accident to cover costs to repair or replace other vehicles or structures in an accident you caused ...
If an insured driver hits a car full of people and is found by the insurance company to be liable, the insurance company will pay $25,000 of one person's medical bills but will not exceed $50,000 for other people injured in the accident. The insurance company will not pay more than $25,000 for property damage in repairs to the vehicle that the ...
This distinction becomes important in car accident scenarios. For example, if your brakes fail and you rear-end another vehicle as a result, your insurance will cover the damage to the other car ...
Some states PIP is the insurance of first resort to pay for medical bills when injured in an automobile accident. [2] In some states, PIP is subrogatable, meaning that your insurance carrier will pay for your loss, regardless of liability, and then recover (or subrogate) what it paid from the liable party's insurance carrier. [3]
Why it pays to shop around for new car insurance The small loyalty discounts offered by your insurer at renewal may actually be costing you money. First, those rate deductions rarely make up for ...
Like accident insurance, disability insurance pays the insured directly if they are injured in a way covered by the policy. However, disability insurance only pays if the injury prevents the insured from working. [3] Accident insurance benefits are paid whether or not the insured misses work as a result of the accident.
Vehicle insurance (also known as car insurance, motor insurance, or auto insurance) is insurance for cars, trucks, motorcycles, and other road vehicles. Its primary use is to provide financial protection against physical damage or bodily injury resulting from traffic collisions and against liability that could also arise from incidents in a ...
Repair and replacement costs: You are typically financially responsible for the damages you caused in an accident. That includes repairing or replacing any vehicles and property.
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