What should I know about car insurance?

 

A:

Insurance Policies Are Contracts:

All insurance policies are contracts between you and your insurance company. The language of the policy dictates your rights. When you have a question, your policy is the place to look for answers. Unfortunately, most policies are hard to understand. At the law office of Phillip Miller and Associates, we want you to know your rights and we help you understand them.

Kinds Of Coverage:

Property Damage:

This coverage pays for damage to the property of others. It may include someone else's car, a fence that you destroy, or other property damaged in an accident that is your responsibility.

Collision:

Collision coverage pays for damage to your car caused by collision (less any deductible). If you have a new car, or an expensive car, collision coverage may be a major part of your insurance cost.

Comprehensive:

Comprehensive coverage pay for losses due to theft, fire, vandalism and glass breakage.

Uninsured / Underinsured:

This coverage will reimburse you for your losses if someone at fault has no insurance or has less insurance than needed to make you whole. (This coverage is very important in our state since automobile liability insurance is not mandatory.)

Bodily Injury Liability:

This pays others for losses from an accident, which is your fault. This is the most expensive (and necessary) coverage on most policies.

Medical Payments:

This coverage pays for medical expenses you or your family incur as a result of an auto accident. It also covers passengers in any automobile you may be driving, regardless of fault.

Policy Limits:

This is the maximum amount the insurance company can owe for a loss. The amount actually paid by the company will be based on your legal damages and cannot be more than the limits of your policy.

Recommended Policy Limits:

Anyone can make a driving error that results in serious injury to someone else. Given the risk of serious injury, and the costs of medical care, we recommend that everyone carry the following minimal limits. (If you can afford more - get it!) Property Damage = $50,000 Bodily Injury = $100,000 per person; $300,000 per accident Medical Payments = $50,000 Uninsured = $100,000 per person Underinsured Coverage = $300,000 per accident

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Phillip Miller & Associates
631 Woodland Street
Nashville, TN 37206
Phone: (615) 356-2000
Fax: (615) 242-1739
Toll Free: (800) 337-HURT
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