GO PANTHERS!!!!.  To protect yourself against financial loss (including the cost of your legal defense)  You can buy Bodily Injury Liability Coverage.

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Presentation transcript:

GO PANTHERS!!!!

 To protect yourself against financial loss (including the cost of your legal defense)  You can buy Bodily Injury Liability Coverage  When you are legally responsible for injuring other people in an automobile accident

 Pays for damage you caused to another person’s property  It does not cover damages to your car

 Pays medical and funeral expenses for you, your family members, and other passengers in your car because of injuries sustained in an accident  NO MATTER who caused the accident

 Pays medical and damage expenses for you and your passengers caused by a driver without insurance or too little insurance to cover the loss  It does NOT cover the other driver

 Pays for damage to your car caused by soething other than a collision.  For example, it covers damage caused by earthquakes, fire, wind, hail, and floods OR if your car is lost or stolen  May EXCLUDE things that are valuable and easy to steal: MP3 (You may want to purchase riders)

 Pays for damage to your car caused by colliding with another car or object such as a tree or fire huydrant  Next to liability, this protection is likely to be the most expensive portion of an automobile policy.

 Comprehensive and Collision carry a deductable.  An amount you pay before the insurance company pays anything.  Suppose collision damage to your car costs $1,200 to fix, your deductible is $500.  You pay $500  Insurance pays the remaining $700

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