Everett Insurance Brokers will provide automobile insurance to drivers who might otherwise not be eligible for insurance
due to credit, claim or violation history or to those drivers seeking to purchase auto insurance from an Independent Insurance
Agent.
In most states, you are required to carry auto
liability insurance (or post a bond) and provide proof of insurance before you can license your vehicle or renew your driver's license. If you
are caught driving without insurance, you may have to pay a large fine and have your driver's license suspended.
Most
states require drivers to carry minimum liability
coverage. In many cases, the required minimum coverage may not be enough to pay for all the damages that result from an accident and
the driver will have to pay the additional expenses out of pocket.
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 $1250, you will pay the
deductible - $250, and your insurance company will pay the balance - $1000. 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.
