The out-of-pocket money paid by the policyholder before an insurance company will cover the remaining costs attributed to the loss
Jan pays $70 each month for her auto insurance policy. This regular payment is called a:
Bodily injury liability
insurance that covers physical injuries caused by a vehicle accident for which you were responsible
Collision coverage
Pays for damage to your own car, even if the accident was your fault. Usually pays up to the actual value of the car but not for its replacement with a new car.
Comprehensive Coverage
Insurance that pays for damage to your car caused by something other than a collision, such as damage from storms, vandalism, and theft.
Property damage coverage
(liability), covers damage that you cause to other people’s property as a result operating a motor vehicle
No fault insurance
injured workers receive benefits even if the accident was their fault
Medical Payments or Personal Injury Protection Coverage
Cover you and the people in your car medical bill. Some cases even pedestrians
Uninsured motorcyclist coverage
Insurance that covers body or property damage if hit
Gap insurance
pays the difference between the amount an insurer pays on a totaled car and the amount owed on the loan or lease

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