There are many different types of insurance coverages, and many misconceptions regarding what constitutes “full coverage” on your insurance policy. You may think you have full coverage but in many instances that is not the case. The following are the basic coverages that are available and each of them are very important:
Liability Bodily Injury – In Arizona the minimum coverage required is $15,000.00 per person/$30,000.00 per accident. If you or someone driving your vehicle are legally liable for an auto accident this coverage will pay for the other parties injuries.
Collision – This coverage will help pay to repair or replace your vehicle after an auto accident. This coverage is usually subject to a deductible.
Comprehensive – This coverage will help pay to repair or replace your vehicle from damages not resulting from an auto accident such as a theft, glass breakage, or damage caused by storms. This coverage is usually subject to a deductible.
Uninsured Motorist – This coverage applies to you your passengers and blood relatives living in your household when injured by an uninsured motorist. You need not be in a vehicle to use this coverage in Arizona.
Underinsured Motorist – The same group of people are covered here as were covered in the Uninsured motorist situation. It comes into play when the responsible party had coverage but did not have enough insurance coverage to pay the full value of your injury claim.
Medical Payments – This coverage will help pay medical bills incurred as a result of an injury occurring in connection with the use of an automobile and includes the insured, passengers in the insured’s vehicle and blood relatives living in the household.
If you are unsure of which coverages are included in your current policy contact your agent or look at your policy declaration page. Remember, accidents are not planned and can cause horrible injuries. Review your coverage now not after a serious accident.