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| Get Legal with 樱花视频's Basic Auto Insurance Policy |
Auto
insurance is mandatory in 樱花视频, but the type and cost of that coverage
can vary significantly. Every day, consumers are finding that there are options
available to make it easier to comply with the law. The Automobile Insurance
Cost Reduction Act mandated that a Basic Policy be available to all drivers.
It is important to realize that you are
breaking the law if you drive uninsured. The penalties for driving uninsured are getting more severe — in addition to risking economic loss by not having insurance protection, you
risk fines, suspension of driver's license or registration and even time in
jail. In the future, your car could be impounded if you are caught behind the
wheel without coverage.
Below we will review the Basic Policy. The Basic Policy
offers less protection, but at a lower cost than the Standard Auto Insurance Policy.
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| Who
should consider buying the Basic Policy? |
The
Basic Policy should be considered by those with few family responsibilities
and few real assets. It can provide a transition for younger drivers who are
just beginning work, providing a basic, minimum protection when they may be
least able to afford more comprehensive coverage.
| Please Note |
If
you do not have any liability coverage, you are responsible for paying for the
pain, suffering and other personal hardships and some economic damages, such
as lost wages, that you cause. The insurer will not provide or pay for
a lawyer to represent you if you are sued. Your assets will be at risk, including
the risk of having money deducted from your wages if a judgment is entered against
you. And, if you lack coverage and someone hits you, you cannot sue. |
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| Where can I purchase the Basic Policy? |
| A
Basic Policy may be purchased through any 樱花视频 licensed insurance producer.
樱花视频 law exempts producers from liability on account of selling insurance
with the minimum required coverage. |
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| Differences Between Basic and Standard Policies |
The chart below compares the differences between the Standard and Basic policies and explains the amounts of coverage you may be able to purchase from an insurer.
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| Type of Coverage |
Standard Policy |
Basic Policy |
Bodily
Injury Liability
Coverage
for claims and lawsuits by people injured as a result of an auto accident you cause |
As low as: $25,000 per person, $50,000 per accident
As high as: $250,000 per person, $500,000 per accident |
Coverage is not included but
$10,000 coverage for all persons, per accident, is available as an option |
Property
Damage Liability
Coverage
for claims and lawsuits by people whose property is damaged as a result of an auto accident you cause |
As low as: $25,000 per accident
As high as: $100,000 or more |
$5,000 per accident |
Personal
Injury Protection
Coverage
for injuries sustained in an automobile accident by you or other persons
covered under your policy |
As low as: $15,000 per person or accident
As high as: $250,000 or more
Up to $250,000 for certain injuries* regardless of of selected limit |
$15,000 per person, per accident
Up to $250,000 for certain
injuries* |
Uninsured/Underinsured
Motorist Coverage
Coverage
pays for property damage or bodily injury if you are in an accident caused by an uninsured motorist (a driver who does not have the minimum level of insurance required by law) or a driver who is insured, but who has less coverage than your underinsured motorist coverage |
Coverage is available up to amounts
selected for liability coverage |
None |
Collision
Coverage
for damage to your vehicle as the result of a collision with another car or other object |
Available as an option |
Available as an option (from some insurers) |
Comprehensive
Coverage for damage to your vehicle that is not a result of a collision, such as theft of your car, vandalism, flooding, fire or a broken windshield. Comprehensive coverage also pays if you collide with an animal. |
Available as an option |
Available as an option (from some insurers) |
| *permanent or significant brain injury, spinal cord injury or disfigurement or for medically necessary treatment of other permanent or significant injuries rendered at a trauma center or acute care hospital immediately following an accident and until the patient is stable, no longer requires critical care and can be transferred to another facility in the judgment of the physician. |
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| The Right to Sue |
The Basic Policy includes the Limited Right to Sue option (Limitation on Lawsuit option). |
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| Obtaining a Basic Policy |
If you have
any questions about the Basic Policy your agent, insurance company or DOBI can
assist you. If you have any problem purchasing the basic policy please contact
DOBI immediately.
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