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Types of Auto Insurance

It’s important to understand the different types of auto insurance. Types of auto insurance include:

  • liability auto insurance
  • PIP insurance
  • UIM

We recommend you have all three. Each of the types of auto insurance is designed to give you coverage in case of a motor vehicle accident. Always be aware of the types of insurance covered in your auto insurance policy. At Ladenburg McKasy Durkin Inc. P.S. we’ll educate you on the types of insurance available for auto insurance.

Liability auto insurance is the most commonly required type of auto insurance in the majority of states. The two major elements of liability auto insurance are bodily injury coverage and property damage.

PIP insurance, or personal injury protection is coverage that you add to your auto policy. The law does not require you to buy PIP insurance, but in the State of Washington your insurance company must offer it to you.

UIM, or underinsured motorist insurance allows a person covered by an insurance policy to recover damages when involved in an accident in which the driver responsible for the injuries does not have sufficient insurance coverage.

Liability Auto Insurance

Liability auto insurance protects you if you cause damage to another person. Liability auto insurance doesn’t cover your own vehicle. And liability insurance doesn’t cover your medical expense.

Never assume what your liability auto insurance covers. Read your liability insurance policy. Or ask us to help you understand the benefits of your liability insurance policy.

Important points to understand about liability insurance when you are at fault in an accident are:

  • It pays only for bodily injuries or property damage suffered by others
  • Your personal injuries or property damage are not covered

At Ladenburg McKasy Durkin Inc. P.S. we can help you understand the benefits of your liability insurance policy.

Personal Injury Protection – PIP Insurance

Personal injury protection or PIP insurance covers your own injuries. Personal injury protection or PIP insurance will cover your medical expenses and property damage. Personal injury protection will also cover your lost wages if you miss work.

Again, know the dollar and benefit limits of your PIP insurance policy. Assuming what your personal injury protection covers can cost you time and money.

Personal injury protection or PIP insurance is coverage that you add to your auto policy. In the event that you are in an auto accident it will help pay, up to certain limits, for:

  • Medical expenses
  • Lost wages
  • Property damages

Schedule your free consultation at Ladenburg McKasy Durkin Inc. P.S. by calling 253-272-5226. We look forward to hearing from you.