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WHAT DOES
LIABILITY INSURANCE COVER? |
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Liability covers Bodily Injury and Property Damage of the
other driver. If you are in an accident and it is your
fault, Liability coverage will only pay the other parties
damages up to your policy limits. If you only have
Liability coverage and the accident is your fault, your
insurance company will NOT pay for damages to your car.
Please see Collision coverage for information on how to
cover damage to your automobile.
In the State of
Virginia the Minimum Liability Coverage is:
Bodily Injury: 25,000-50,000 ($25,000 per
person/ $50,000 total per accident)
Property Damage: 20,000.
In the State
of Maryland the Minimum Liability Coverage is:
Bodily Injury: 20,000-40,000 ($20,000 per
person/ $40,000 total per accident)
Property Damage: 15,000.
It is always
recommended to carry more coverage than the state minimum
requirements. Please speak to your agent to determine
the right amount of coverage for you and your family.
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WHAT IS COVERED
BY UNINSURANCED MOTORIST? |
Uninsured motorist is included in basic Liability coverage.
UMBI covers the bodily injuries of you and your passengers and
UMPD covers the property damage of your automobile if you are
hit by a person that is not insured.
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WHAT IS COVERED
BY UNDERINSURED MOTORIST? |
Similar to Uninsured Motorist, Underinsured Motorist will
cover your bodily injuries and property damage if the actual
expenses of the accident exceed the Liability limits of
coverage of the person that hit you. Your Underinsured
Motorist coverage will only be used after the other insurance
has exhausted their coverage.
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WHAT ARE
DEDUCTIBLES? |
The deductible
is the portion of a covered loss that is your responsibility.
The deductible, when applicable, applies to each covered loss.
Typically deductibles are available in the following amounts:
$100, $250, $500, or $1000.
For example, if you had a $250 deductible, you would need to
pay the first $250 of the covered loss.
Generally speaking, higher deductibles lower your premium, but
increase the amount you must pay out of your own pocket if a
loss occurs. Ask yourself how much you are able to pay at
the time of a loss, in order to save on your monthly premium?
In addition, if
you have an auto loan or lease, check with your Bank to
determine if there are loan requirements on your deductible.
Typically, the maximum deductible is $500 when you carry a car
loan. |
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WHAT IS
COLLISION COVERAGE? |
Collision covers your automobile in the event of an
accident caused by you or someone driving your car (with your
permission). Accidents are defined as an impact with
another vehicle or object (such as a tree or light post).
Your insurance company will inspect the car for damages and
determine if the car can be repaired or if it is a total loss.
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WHAT IS
COMPREHENSIVE COVERAGE? |
Comprehensive covers your automobile for things other
than collision. Common coverage's' include: theft, fire,
vandalism and glass breakage (i.e. broken windshield not
caused by an accident).
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WHAT IS COVERED
UNDER TRANSPORTATION EXPENSE? |
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Transportation expense provides you with coverage for a rental
car in the event that you are unable to drive your car do to
an accident or theft. This is typically an additional
coverage item that you need to request on your policy.
There are policy maximums for rental reimbursement.
Please ask your agent for specific coverage information. |
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WHAT IS COVERED
UNDER MEDICAL PAYMENTS OR PIP? |
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Medical payments, no-fault or personal injury protection
coverage
usually pays for the medical expenses of the injured driver
and passengers in your car. There may also be coverage if you
are injured by a vehicle as a pedestrian. This is typically
an additional coverage item that you need to request on your
policy.
Please ask
your agent for specific coverage information.
Please
note-
in the State of Maryland, $2,500 in PIP coverage is required
unless you sign a waiver to exclude this on your policy. |
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WHAT IS AN SR22? |
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If you are found by the Police or DMV to be driving in the
Commonwealth of Virginia without insurance, you may be issued
a ticket, fine and/or suspension of your driver and
registration privileges. You may have to pay a $500
statutory fee, a $45 reinstatement fee and filing of proof of
insurance for THREE (3) years. Please contact your
local Department of Motor Vehicles for information regarding
your state's requirements.
VA
DMV-
www.dmv.state.va.us |
