AAEC 2104 Lecture 14: Personal Auto Insurance part 1
8 Apr 2018
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Covers you for: damage to other"s property and bodily injury to others. Court fees and legal defense fees are covered: insurance company has a duty to represent you, tries to reduce their losses while protecting you, these fees do not impact max paid for awards. Two types of coverage: combined single limit (ex. ,000: combines property damage and bodily injury, will pay up to limit, regardless of how many people are involved, split limit (ex. /300/50: coverage limits for, bodily injury per person (,000, bodily injury per accident (,000, property damage (,000) For injuries to you and any riders in your vehicle. For injuries to you and your family caused by other road vehicles. If you are driving a car you don"t own: policy covers you but not your riders. Protects you, family, other drivers with your permission from uninsured motorists: don"t carry insurance, insolvent insurance company.
