| Bisarek Insurance Agency |
| Omaha 402-505-3414 Lincoln 402-730-8243 |
AUTO INSURANCE LEARNING
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
Bisarek
Insurance Agency
Insurance Agency
Insuring the present to protect the future
What do I need to know about Auto Insurance?
Fault or no-fault coverage
If you live in a no-fault state, your own insurance company pays for any loss or
injuries to you, no matter who causes the accident. With no-fault, most claims can
be settled quickly, without litigation over who's at fault. However, no-fault can limit
your right to sue to recover damages. Individual states set the coverage and place
limits on your rights to sue.
In fault states, the person at fault in the accident or the insurance company pays.
With a fault system, your right to sue is not restricted (nor is the other party's right
to sue you). To find out what the regulations are in your state.
Collision
Collision coverage pays for damage to your vehicle that results from a collision
with another vehicle or object. Generally, the coverage reimburses you the amount
needed to repair or replace your damaged vehicle, minus the deductible. This
coverage is normally required if your vehicle is leased or if you have an
outstanding loan on the vehicle.
Comprehensive
Comprehensive coverage protects your investment in your vehicle by paying for
losses resulting from fire, theft, falling objects, riots, storms, earthquakes, floods,
collision with a bird or animal and other natural occurrences. Like Collision
coverage, Comprehensive coverage generally includes a deductible.
Comprehensive coverage is normally required if your vehicle is leased or if you
have an outstanding loan on the vehicle.
Deductible
The deductible is the amount of the loss you agree to pay or absorb in the event
of a claim or accident. Let's say you have a $250 deductible. If you have a
fender-bender, and the bodywork costs $1150, you will pay the deductible - $250,
and your insurance company will pay the balance - $900. With auto insurance,
deductible amounts typically range from $50 to $1,000 per claim. Choosing a
higher deductible reduces the cost of your insurance.
Bodily Injury
Bodily Injury coverage pays for any person(s) injured or killed in an accident where
you are at fault. Coverage includes medical expenses and lost wages. These
coverage's are subject to the limits and conditions of your policy. Most states
require drivers to carry Bodily Injury coverage.
Property Damage
In a collision where you are at fault, Property Damage covers your liability for
damaging another person's personal property, such as an automobile, house or
fence.
Medical Payments
This coverage pays medical bills and funeral expenses for you or a passenger
injured while riding in your vehicle. Coverage extends to you or a family member
when riding as a passenger in someone else's vehicle or when struck by a vehicle
when on foot. Costs are covered up to the amount specified by the policy.
Personal Injury Protection (PIP)
Personal Injury Protection (PIP) pays a broader range of medical costs than does
Medical Payments coverage. PIP covers lost wages and the replacement of the
services of someone injured in an accident. Personal Injury coverage is generally
required in states with no-fault and available in some other states.
Uninsured Motorist/Underinsured Motorist
Uninsured Motorist coverage protects you, members of your household and your
passengers in an accident with a motorist who has no insurance or is
underinsured. Uninsured Motorist protection also covers you if you're injured by a
hit-and-run driver. The coverage also applies to you and the members of your
household as pedestrians. Coverage includes payment of medical costs, lost
wages and pain and suffering. It is required in many states. In some states or
insurance policies, Underinsured Motorist protection is separate from Uninsured
Motorist coverage.
Fault or no-fault coverage
If you live in a no-fault state, your own insurance company pays for any loss or
injuries to you, no matter who causes the accident. With no-fault, most claims can
be settled quickly, without litigation over who's at fault. However, no-fault can limit
your right to sue to recover damages. Individual states set the coverage and place
limits on your rights to sue.
In fault states, the person at fault in the accident or the insurance company pays.
With a fault system, your right to sue is not restricted (nor is the other party's right
to sue you). To find out what the regulations are in your state.
Collision
Collision coverage pays for damage to your vehicle that results from a collision
with another vehicle or object. Generally, the coverage reimburses you the amount
needed to repair or replace your damaged vehicle, minus the deductible. This
coverage is normally required if your vehicle is leased or if you have an
outstanding loan on the vehicle.
Comprehensive
Comprehensive coverage protects your investment in your vehicle by paying for
losses resulting from fire, theft, falling objects, riots, storms, earthquakes, floods,
collision with a bird or animal and other natural occurrences. Like Collision
coverage, Comprehensive coverage generally includes a deductible.
Comprehensive coverage is normally required if your vehicle is leased or if you
have an outstanding loan on the vehicle.
Deductible
The deductible is the amount of the loss you agree to pay or absorb in the event
of a claim or accident. Let's say you have a $250 deductible. If you have a
fender-bender, and the bodywork costs $1150, you will pay the deductible - $250,
and your insurance company will pay the balance - $900. With auto insurance,
deductible amounts typically range from $50 to $1,000 per claim. Choosing a
higher deductible reduces the cost of your insurance.
Bodily Injury
Bodily Injury coverage pays for any person(s) injured or killed in an accident where
you are at fault. Coverage includes medical expenses and lost wages. These
coverage's are subject to the limits and conditions of your policy. Most states
require drivers to carry Bodily Injury coverage.
Property Damage
In a collision where you are at fault, Property Damage covers your liability for
damaging another person's personal property, such as an automobile, house or
fence.
Medical Payments
This coverage pays medical bills and funeral expenses for you or a passenger
injured while riding in your vehicle. Coverage extends to you or a family member
when riding as a passenger in someone else's vehicle or when struck by a vehicle
when on foot. Costs are covered up to the amount specified by the policy.
Personal Injury Protection (PIP)
Personal Injury Protection (PIP) pays a broader range of medical costs than does
Medical Payments coverage. PIP covers lost wages and the replacement of the
services of someone injured in an accident. Personal Injury coverage is generally
required in states with no-fault and available in some other states.
Uninsured Motorist/Underinsured Motorist
Uninsured Motorist coverage protects you, members of your household and your
passengers in an accident with a motorist who has no insurance or is
underinsured. Uninsured Motorist protection also covers you if you're injured by a
hit-and-run driver. The coverage also applies to you and the members of your
household as pedestrians. Coverage includes payment of medical costs, lost
wages and pain and suffering. It is required in many states. In some states or
insurance policies, Underinsured Motorist protection is separate from Uninsured
Motorist coverage.