assignment for 7/30 -- Insurance

Type 3 write up on insurance.FCA's: 1 Describe the following types of coverages: bodily injury liability, property damage liability, collision, comprehensive, uninsured and under insured bodily and property damage liability, and the term deductible and how it relates to collision and comprehensive coverages. 2.Describe what the state of Vermont requires for automobile insurance. 3Correct spelling, grammar and punctuation, Post by Monday, 7/30.


The first type of insurance (bodily injury liability) covers other people's bodily injuries or death for which you are responsible. It also provides a legal defense if someone other than you are who was with you file a lawsuit. This doesn't cover vehicles. This also does not cover you are other people on your policy.
Property Damage Liability covers you if your car damages someone else's property. This doesn't just cover their vehicle, it may also cover things like fences or even a house. It provides you with legal defense is another party files a lawsuit against you.
Collision Coverage covers damage to your car if it hits or something else hits it. It pays to fix your car based on how much coverage you have on it. It is usually limited to the cash value of your car.
Comprehensive Coverage covers your vehicle, and sometimes other vehicles you may be driving for losses resulting from incidents other than collision. For example, it pays to fix your vehicle even if it was damaged by a flood or animals or if it was stolen. The amount it will pay for depends on your deductible.
Uninsured and under insured bodily and property damage liability covers you and your vehicle when your insurance it sustained or the amount of your insurance isn't enough to cover the damages done.
In an insurance policy, the deductible or excess is the portion of any claim that is not covered by the insurance provider. It is normally quoted as a fixed amount and is a part of most policies covering losses to the policy holder. It relates to collision and comprehensive coverages in the way that depending on what your deductible is, that is the amount that you put down that you would pay if something was to happen. So it is the amount that your insurance doesn't pay.