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| Auto Coverage’s Explained Liability Insurance
This coverage is the basis of all auto insurance policies. The state minimum required for Bodily Injury Liability in Arizona is $15,000 per person, $30,000 per occurrence. If you're found at-fault in an accident, liability insurance pays for the injury , lost wages, and medical payments expenses to the third party involved in the accident. Property damage Liability minimum state requirement in Arizona is $10,000. Property Damage Liability pays for the replacement or repair of anything that was damaged to the third party. This may include a car, fence, or other object hit by the insured. It is a safe bet to buy more than the minimum required by your state. If your liability insurance is not sufficiently high enough to make the third party whole, you will be legally liable to pay costs out of your own pocket.
Uninsured & Underinsured Motorist Liability Pays for the medical costs, lost wages, and injury to a first party's driver and passengers in the event the first party is injured by a third party who is either uninsured or has less than adequate coverage to cover the first parties injuries. Medical payments Should you find yourself in a serious accident, medical payments coverage pays medical bills and/or funeral costs if a covered driver and/or accompanying passengers are injured or killed while in an insured vehicle. This type of auto insurance coverage applies regardless of who's at fault in an accident. Coverage may also cover policyholders and their family members when in others' vehicles, or when policyholders and their family members are on foot, sidewalk, alley, and hit by a car. Covered costs are subject to the limits you choose when you buy your auto insurance policy.
If you and your regular passengers are fully covered by a health plan, you may not need medical payments coverage. However, if your health plan requires you to pay a deductible, medical payments coverage may help pay it. This coverage can also help pay for items not covered by your health plan, such as dental treatment, professional nursing services, and prostheses. If covering a health deductible or paying for these additional treatments would be valuable for you, select a medical payments coverage amount that reflects your needs. In Arizona Medical Payments does not cover lost wages. Collision If you're found at fault in an accident, collision coverage will cover expenses needed to repair your vehicle. Collision coverage is usually the most expensive component of an auto insurance policy, although it isn't required. Insurance companies might proclaim your car a "total loss" if the repairs exceed the market value of the car. When this occurs, the insurance company will pay you the actual cash value, minus the deductible. From there your car is off to an auction where it will be sold for parts or scrap. Comprehensive
Comprehensive coverage will pay for damages to your vehicle that were not caused by an accident. This includes fire, vandalism, theft, water, natural disaster, falling objects, explosion, and even animals. Depending on the damage, the insurance company will pay the cars worth right before the incident. This is also optional coverage. Towing & Labor Covers the tow, jump start, and use of a locksmith to unlock your vehicle. Towing and Labor does not cover the cost of parts to get your vehicle up and going, just the labor. Towing & Labor only covers vehicles listed on the policy with coverage selected. Rental Car Rental car covers the cost of a rental car in the event your vehicle is disabled due to an accident. Rental car does not cover the use of a rental car when your car is malfunctioning. | |
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