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Review each type of coverage carefully as each
one applies to different types of losses. NJ
Auto Insurance If you have good medical insurance, you may not need
to purchase extra medical payments insurance with
your auto insurer. However, medical payment coverage
is inexpensive and can simplify certain situations. NJ
Auto Insurance Medical payments coverage pays emergency medical
expenses and other costs for anyone hurt while
in, on, or around your vehicle. NJ
Auto Insurance
Below we outline the coverage options
Bodily Injury Liability coverage typically provides
coverage for damages which a person insured under
this coverage is legally obligated to pay because
of bodily injury they cause to others in a covered
accident.*NJ
Auto Insurance If you are responsible for injuring
someone in an accident, you may be liable for,
among other things, the costs of their medical
treatment, lost wages, and pain and suffering.
These losses can be significant (sometimes totaling
hundreds of thousands of dollars) and, if you
do not have an adequate amount of insurance coverage
to cover the losses, the person you injured may
pursue your assets and income to cover the losses
not covered by your insurance. For this reason,
one rule of thumb for Bodily Injury Liability
coverage is to purchase the highest limit you
can afford. NJ
Auto Insurance
Some of the factors you'll want to consider when
making your decision as to how much Bodily Injury
Liability coverage to purchase include: the total
amount of assets you have to lose, your future
earnings, the high cost of health care, the size
of lawsuit verdicts, your need to protect your
savings for retirement and/or education, any contractual
obligations you may have to a lessor/lender, your
tolerance for risk, and the low cost of higher
coverage limits. NJ
Auto Insurance
Because you are married, have children and own
a home you might consider carrying limits of $100,000/$300,000.
While such a selection would exceed that most
commonly chosen by our customers in Texas, your
circumstances indicate that you may want to seriously
consider higher coverage levels. NJ
Auto Insurance
Property Damage Liability coverage typically
provides coverage for damages which a person insured
under this coverage is legally obligated to pay
because of damage they cause to the property of
others in a covered accident.* Consider the potential
costs if you destroy someone else's expensive
new car, or cause structural damage to a home,
or storefront. As with Bodily Injury Liability
coverage, some believe the most prudent decision
here is to purchase the highest limit you can
comfortably afford. NJ
Auto Insurance
Some of the factors you'll want to consider when
making your decision include: the total amount
of assets you have to lose, your future earnings,
your need to protect your savings for retirement
and/or education, any contractual obligations
you may have to a lessor/lender, the high cost
of some automobiles on the road today, and the
very low cost of higher coverage limits. NJ
Auto Insurance
Your circumstances suggest you might consider
carrying a $100,000 coverage limit, higher than
the coverage level most commonly-selected by our
Texas customers. In making your decision as to
whether this is the right amount of coverage for
you, you’ll want to consider the factors identified
above as well as any other factors you consider
relevant. NJ
Auto Insurance
Unfortunately, not every driver on the road maintains
insurance coverage, even though the law of most
states requires drivers to carry liability insurance.
And, of those who do carry liability insurance,
many have very low coverage limits. NJ
Auto Insurance
If you were injured in an automobile accident
by a negligent uninsured or underinsured driver,
would you need some help meeting your medical
expenses and financial obligations? Generally,
Uninsured Motorist Bodily Injury coverage provides
coverage in the event you (or other persons insured
under this coverage) are injured in a covered
accident caused by a negligent uninsured or underinsured
driver. NJ
Auto Insurance
Some of the factors you'll want to consider when
making your coverage buying decision include:
the high cost of health care, any health insurance
plan(s) you have, your ability to make ends meet
if you are out of work for an extended period,
any short-term and/or long-term disability plan(s)
you may have, your need to protect your savings
for retirement and/or education, the cost of higher
coverage limits, and the amount of assets you
may have to liquidate to sustain you while you
heal. NJ
Auto Insurance
Many insurance consumers purchase Uninsured Motorist
Bodily Injury coverage with coverage limits equal
to their Bodily Injury Liability coverage limits.
After considering the factors identified above,
together with any other factors you think are
relevant to your specific situation, you may decide
that limits of $100,000/$300,000 are right for
you.
Personal Injury Protection (PIP) coverage typically
provides coverage for reasonable and necessary
medical expenses, loss of income, and loss of
services for persons who are injured as a result
of a covered accident. It also may provide protection
for passengers as well as pedestrians in covered
accidents involving the insured vehicle. NJ
Auto Insurance
PIP is an optional coverage in Texas and provides
the following benefits (subject to a limit you
choose):
Medical Expenses - reasonable and necessary expenses
incurred for the care, recovery or rehabilitation
of the injured person
Loss of Income - a percentage of wages you would
have earned if you had not been hurt
Loss of Services - services you are no longer
able to provide for yourself or your family because
you are injured, such as housekeeping and yard
work
Some of the factors you'll want to consider when
making your decision regarding Personal Injury
Protection include: the high cost of health care,
your ability to pay for medical expenses out of
your own pocket, any health insurance plan(s)
you have, your selection for Medical Payments
insurance coverage and the limit for that coverage,
your ability to make ends meet if you are out
of work for an extended period, any short-term
or long-term disability plans you may have, and
any deductibles, co-pay arrangements, and/or waiting
periods which may apply to your existing plan(s).
Because PIP is actually a combination of coverages,
you may find it useful in your overall protection
plan (even if you carry health insurance and/or
Medical Payments coverage). $2,500 is the most
popular limit selection among Allstate County
Mutual Insurance Company customers in Texas. In
making your coverage decision, you may want to
consider whether the protection provided by this
plan would be valuable to you. NJ
Auto Insurance
Medical Payments coverage typically provides
protection for reasonable and necessary medical
expenses incurred as a result of bodily injury
sustained by you (or other persons insured under
this coverage, such as your guest passengers)
in a covered accident.* Such expenses might include,
for example, ambulance, hospital, x-ray, dental
and surgical expenses. If you were injured in
an accident, could you afford to pay the medical
expenses?
Some of the factors you'll want to consider when
making your decision include: the high cost of
health care, any health insurance plan(s) you
have, deductibles and/or co-payment arrangements,
your need to protect your savings for retirement
and/or education, and the low cost of higher coverage
limits. NJ
Auto Insurance
Because you currently do not carry health insurance,
Medical Payments coverage could be extremely important
to you in the event you are injured in a covered
accident. You may want to consider a relatively
high coverage limit, such as $50,000.
After considering these and all other factors
you think are relevant, you may determine that
carrying this coverage at this level would be
valuable to you. NJ
Auto Insurance
This coverage helps pay for damage to an insured
auto as a result of a covered accident with another
car, or a covered collision with most anything
else (such as a tree).* If your auto were damaged
in an auto accident, could you afford to repair
it?
A deductible -- the amount of loss you've agreed
to pay out of your pocket before the insurance
company pays for any covered losses -- applies
to this coverage. NJ
Auto Insurance
Some of the factors you'll want to consider when
making your decision to purchase Collision coverage
and in selecting your deductible include: the
age and value of your vehicle, your ability to
pay for repairs out of your own pocket, any coverage
or deductible requirements established by your
lender, and the cost of the different deductible
options. If you purchase this coverage, remember
that the higher you set your deductible, the lower
your rate for this coverage will be, but the more
you’ll have to pay out of your own pocket in the
event of a loss. NJ
Auto Insurance
Consumer lending institutions typically require
Collision coverage -- with a maximum deductible
they establish (usually $250 to $500) -- on vehicles
which are financed. They establish this requirement
to protect their financial interest in the vehicle. NJ
Auto Insurance
Other deductible amounts are available to you.
You can opt to have a lower deductible, but a
lower deductible will increase your premium. By
carrying a higher deductible, you’ll save premium
dollars - dollars which you may decide are better
spent on other coverages.
Comprehensive coverage helps pay for damage to
an insured auto not caused by collision. This
coverage typically includes, among other things,
coverage for damage caused by falling objects,
hail, fire, theft and vandalism, explosion, and
earthquake.* As with Collision coverage, a deductible
you choose will apply. NJ
Auto Insurance
Your decision regarding Comprehensive coverage
will be influenced by many of the same factors
you consider when evaluating Collision coverage:
the age and value of your vehicle, your ability
to pay for repairs out of your own pocket, any
coverage or deductible requirements established
by your lender, and the cost of the different
deductible options. If you purchase this coverage,
remember that the higher you set your deductible,
the lower your rate for this coverage will be,
but the more you’ll have to pay out of your own
pocket in the event of a loss. NJ
Auto Insurance
Also as with Collision coverage, lenders typically
require Comprehensive coverage and establish a
maximum deductible amount (typically $250 to $500). NJ
Auto Insurance
Some consumers prefer to minimize their potential
out-of-pocket expenses for the types of losses
which Comprehensive would cover. It is, therefore,
a fairly common practice to select a deductible
for Comprehensive coverage that is lower than
that for Collision coverage. With this in mind,
you may wish to consider whether a $250 deductible
for Comprehensive coverage is right for you. Higher
and lower deductible amounts are, however, available
for your consideration. NJ
Auto Insurance
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