Uninsured and Underinsured Motorist Coverage 156
by Admin
Posted on 24-11-2022 10:58 PM
If you're injured in an accident caused by someone who doesn't have enough liability insurance or any at all, uninsured & underinsured motorist coverage helps pay for medical expenses, pain and suffering, and lost wages from the owner or driver of an uninsured or underinsured motor vehicle. Uninsured & underinsured motor vehicle coverage.
To understand your purchase of auto insurance , you should be familiar with a few terms. Liability insurance covers bodily injury to other people and damage to the property of others caused by your negligence or the negligence of someone driving your car with your permission. A minimum of $25,000 per person and $50,000 per accident for bodily injury liability and $25,000 per accident for property damage liability, is required by law, but drivers are strongly urged to consider higher limits. Uninsured/underinsured motorist coverage covers bodily injury to you, your relatives who live with you and your passengers if they are injured in an accident caused by an uninsured motorist, a motorist whose bodily injury liability limits are less than your uninsured/underinsured motorist limits or a hit-and-run driver.
Personal Injury Protection (PIP)
Auto insurance requirements vary from state to state. If you're financing a car, your lender may also have its own requirements. Nearly every state requires car owners to carry:
bodily injury liability – which covers costs associated with injuries or death that you or another driver causes while driving your car. Property damage liability – which reimburses others for damage that you or another driver operating your car causes to another vehicle or other property, such as a fence, building or utility pole.
In addition, many states require that you carry:
medical payments or personal injury protection (pip), which provides reimbursement for medical expenses for injuries to you or your passengers.
If you or a passenger in your vehicle are hurt in an accident, medical payments or personal injury protection coverage can help pay any resulting medical bills. This type of coverage can also cover lost wages if you or an injured passenger are unable to work or funeral expenses if someone in your vehicle dies because of an accident. .
Factors That Affect Your Insurance Premium
The cost of coverage under an insurance policy. It can be paid in monthly, quarterly, semi-annual or annual installments. Learn more about the factors that influence your premium.
Although not an exhaustive list, some of the factors that can impact how much you pay in auto insurance premiums include the following: your driving record.
A basic car insurance policy won't cover wear and tear, people who regularly drive your car but aren't listed on your policy, and driving on a ridesharing platform. However, you can sometimes add coverage or purchase a separate policy or warranty to cover the things your auto policy doesn't. For example, you can add rideshare coverage to your progressive auto policy.
In order to register a car in massachusetts, you must have automobile insurance. By law, you must purchase four coverages called compulsory (or mandatory) coverages in, at least, minimum amounts required by law, and in higher amounts if you choose to do so. You may also buy a variety of optional coverages to suit your needs. Compulsory coverage there are four insurance coverages that are compulsory in massachusetts: bodily injury to others protects you, or someone you allow to drive your car, from legal liability if you accidentally injure or cause the death of someone else while operating your car. It only covers losses if the accident occurs in massachusetts and does not cover the injury or death of a passenger in your car.