Decode Your Policy with This Auto Insurance Glossary

Decode Your Policy with This Auto Insurance GlossaryScratching your head about your car’s coverage? This auto insurance glossary can help you decipher your policy.

Auto insurance is something every California driver needs, but that doesn’t mean it’s something that every California driver understands. There’s so much industry-specific jargon in the standard auto insurance policy that most people have a difficult time understanding what protection they have. We want to help, so we’ve put together this easy-to-use auto insurance glossary.

Bodily Injury Liability: This coverage steps in if you’re at-fault in an accident and someone gets injured. When you’re held liable for their bodily injury, this portion of your policy helps pay for the resulting medical bills. In California, drivers are legally required to carry $15,000 of coverage per person and $30,000 of coverage per accident.

Collision Coverage: If you do get into an accident, you’ll want to undo any damages to your ride. Collision coverage can help you pay the mechanic and body shop.

Comprehensive Coverage: Accidents happen – but not all vehicle issues stem from a collision. Comprehensive coverage can step in if a tree limb falls on your car or it gets vandalized or stolen.

Deductible: Before your policy can step in, you’ll have to pay your deductible. Choose the highest deductible you can comfortably pay out of pocket, because, a higher deductible the lower your monthly premiums.

Property Damage Liability: Also required in California, this coverage is designed to pick up the tab if property gets damaged in an accident you cause. You need to carry a minimum of $5,000 of coverage to meet the state requirements.

Now that you know the basics of auto insurance jargon, you’re ready to get the right policy. We can give you options that fit your vehicle and your budget. When looking for insurance, contact the professionals at ISU Wissink Insurance in your community. Located in Culver City, California, we serve all your personal and commercial insurance needs.