Auto Insurance:

Auto insurance is when you enter into a contract with an insurance company and they agree to pay all or most of the loss resulting from an accident, in exchange for your payment of a premium.

With help from your Insurance Agent, selecting the correct liability limits and coverages will help protect you and your family in the event of a traffic crash.

Auto Insurance Coverages

Bodily Injury Liability — If you cause an accident and someone is injured, your liability coverage will pay for their injuries. Minimum amounts of liability insurance are required by Oregon State Law, however higher limits are available. Auto insurance policies with split limits (i.e. 25/50/20) of liability separate the amount of insurance coverage available for each person injured and the maximum amount of coverage per accident. For an example, an auto insurance policy with split limits of 25/50 means, $25,000 is the maximum amount payable for bodily injury to any one person that you injure in an auto accident and; $50,000 is the maximum amount payable for bodily injury per accident.

Personal Injury Protection (PIP) — PIP pays for your medical payments and loss of wages if you or an occupant of your vehicle are injured; on, in, or around your vehicle. PIP is required by Oregon State Law with a minimum of $15,000 in protection. For small amounts of premium, PIP coverage can be increased in several increments up to $50,000.

Uninsured/Underinsured Bodily Injury — Uninsured/Underinsured Bodily Injury pays for your injuries or injuries for someone in your vehicle, if injured in a crash by another driver who is uninsured, underinsured or a hit and run driver. This coverage usually matches your Auto Insurance Bodily Injury Liability limits.

Uninsured Motorist Property Damage — Uninsured Motorist Property damage pays for damage to your vehicle in the event an uninsured driver or hit and run driver damages your vehicle.

Comprehensive — Comprehensive, or "Other-than-Collision" OTC, replaces or fixes your vehicle in the event it is damaged from something other than a collision. Examples of losses that would typically be covered under Comprehensive is; fire, theft, vandalism, animal strikes, windshield damage. Comprehensive usually has a deductible, which you choose. For an example; if your vehicle had a covered loss of $3,000 and you have a $500 deductible, your insurance policy would pay the repair facility $2,500 for the repairs and your responsibility would be $500.

Collision — Collision replaces or fixes your vehicle in the event it is damaged from colliding with another vehicle or fixed object. Collision usually has a deductible, which you choose. For an example; if your vehicle had a covered loss of $3,000 and you have a $500 deductible, your insurance policy would pay the repair facility $2,500 for the repairs and your responsibility would be $500.

        © all rights reserved. Design by Dewey