AUTO INSURANCE

# of Cars: 4 Drives: Saab Station Wagon (1995) 4 door, (178,000 miles) - 21 year old female, college student, good grades, perfect driving record, daily driving to school and work F150 Truck (2005) 4 door, (98,550 miles) - 48 year old male (dad), Military, one driving ticket within the last year, Drives to work primarily and weekend car for the family) Volkswagen Bug (1998) 2 door, (145,987 miles) - 40 year old female (Mother), Nurse, drives only to work Mazda 3 (2007) 2 door, (45,768 miles) - 20 year old female, student (VCU) , drives to school and work primarily

Personal automobile policy The policys six major parts

Part A - Liability coverage
Part B - Medical payments coverage Part C - Uninsured motorists coverage

Part D - Coverage for damage to your auto

Part E - Duties after an accident or loss Part F - General provisions

Only cover harm or damage caused others or others property Split Coverage: 150/300/50 - Bodily injury : $150,000 per person, $300,000 per accident - Property damage: $50,000 per accident

Covered driver and passengers can have medical attention after an accident no matter who was at fault for the accident Limit of liability: $3,500 per person

Insurance will pay bodily (in some states, property) up to certain if an accident is caused by someone without liability insurance or by a hit and run accident
Bodily injury : $150,000 per person

$300,000 per accident

Exclusions: - undeclared motor vehicle owned by you or any family member is involved - While using a vehicle without permission - When there is other coverage such as disability benefits - No punitive damages

 Collision: $250 deductible

Comprehensive (or other-than-collision): $ 50 deductible

Other-Than-Collision : Fire, Theft. Larceny, Breaking glass, explosion, hail, wind, etc Insurer will pay up to $300 per day in the event that your covered car is stolen

Notify your insurance company immediately (information of when, where and how; list of names and contacts to anyone injured in the accident along with any witness accounts and information) Meet others conditions: Cooperate with the insurer on claim Send any copies of legal papers involved with the accident to the insurance company Also include any medical bills or expenses associated with the accident, allowing the insurance company to have access to medical reports And finally, submit a proof of loss to the insurer

1. Bankruptcy- Your coverage still applies even if you declare bankruptcy. 2. Changes- Any changes to your coverage must be made in writing by the insurance company. 3. Fraud- If you give wrong information on your application, you can be denied coverage when you file a claim (especially if you intentionally misrepresent important facts). 4. Legal action against the insurance company- You cant sue the insurance company unless you have meet your obligations and compliance under the policy. 5. Right to recover payment- If your insurance company pays you for a loss that someone else caused, it has the right to recover its payment from that person. 6. Policy period and territory- The policy period-usually six months or one year-is shown on the declarations page. The territory is usually the United States, Puerto Rico, and Canada. 7. Termination- These are the conditions under which your policy can be discontinued. 8. Transfer of your interest in this policy-. Unless you have the permission from the insurance company, you cant transfer the policy to another person. 9. Two or more auto policies- If the company has issued you more than one auto policy that applies to the same accident, the limits are dictated by the policy that has the highest limit

Coverage Liability Medical payments Uninsured motorist -Bodily injury Collision Other than collision 150/300/50 $3,500

Limits of liability

$150,000 per person $300,000 per accident $200 deductable $50 deductable

Payment monthly premium 6 month premium

Progressive $ 280 $ 1680

Allstate $ 293 $ 1798

USAA $ 230 $ 1420

Choose to be insured by USAA:

High standard in customer service Quick response to claims

Low cost, understanding of military families