Assiment due 7/27/07

Type 3 write up on insurance.FCA's: 1 Describe the following types of coverages: bodily injury liability, property damage liability, collision, comprehensive, uninsured and under insured bodily and property damage liability, and the term deductible and how it relates to collision and comprehensive coverages. 2.Describe what the state of Vermont requires for automobile insurance. 3Correct spelling, grammar and punctuation

Type-3

Property damage liability- is a type of insurance that pays for your vehicle when in an accident, if the accident was your fault.

Bodily injury- The liability for physical harm or death to a person that either meant or didn't mean to cause the accident.

Collision insurance-pays for the repair or replacement of the other persons vehicle.

Comprehensive insurance- same thing as above.

Uninsured-when property damage is sustained by a insured and the driver does not have insurance, but the limits of liability carried by the bad driver are not going to cover the damages.

Under insured-Covers your vehicle when there is property damage from the bad driver.

The term deductible means the amount for which the insured is liable on each loss, injury, etc., before an insurance company will make payment: The deductible on our medical coverage has been raised from $50 to $100 per illness