Auto Insurance

1
Auto Insurance

• Ms. Alexander
• Financial Decision Making

2
Auto Insurance

• Bodily Injury Liability (BI)
• This is mandatory coverage in case any driver
  listed on the policy causes people (who are not
  passengers in the insured car) to be injured.

• Personal Injury Liability
• This optional insurance pays for medical
  treatment for the driver and passengers of the
  insured car.

3
Auto Insurance

• Property Damage Liability (PD)
• Required coverage that pays for damage to someone
  elses property (i.e., auto)

• Collision
• Optional coverage for damage to the insured
  vehicle from collisions and potholes

4

• Comprehensive
• Optional coverage for loss to the insured vehicle
  or any property in it, due to theft, fire,
  falling objects, flood, deer, hail, and
  earthquakes

• Uninsured and Underinsured Motorists
• Required coverage that reimburses the driver of
  an uninsured vehicle, if it is hit by a vehicle
  operated by an uninsured, underinsured or
  hit-and-run driver