Comprehensive coverage protects your investment in your vehicle by covering losses to the car resulting from fire, theft, falling objects, riots, storms, earthquakes insurance , floods, and collision with a bird or animal. Like Collision coverage, Comprehensive coverage generally includes a deductible which you select. Comprehensive coverage is normally required if your vehicle is leased or if you have an outstanding loan on the vehicle.
Customized Equipment Coverage
Under the Comprehensive and Collision portion of your car insurance policy, optional equipment (a CD player or navigation system) is automatically covered if it is permanently installed in the opening of the dash where the manufacturer would normally install such equipment.
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Medical Payments
This coverage pays medical bills and funeral expenses for you or a passenger injured in an accident while riding in your vehicle. Coverage extends to you or a family member when riding as a passenger in someone else's vehicle or when struck by a vehicle when on foot. Costs are covered up to the amount specified by the policy.
Fault or No-Fault
If you live in a no-fault state, your own insurance company indemnifies you for any loss or injuries to you, no matter who causes the accident. In general, no-fault can limit your right to sue to recover damages. Also, Personal Injury insurance Protection (PIP) is generally required in no-fault states. PIP covers a broader range of medical costs than standard Medical Payments coverage. It covers lost wages and the replacement of the services of someone injured in a covered accident.
In states other than no-fault, the person at fault in the accident pays and may be indemnified by the insurance company. With a fault system, your right to sue is not restricted (nor is the other party's right to sue you). To find out more, contact your local Farmers agent. It may be a statute not a insurance regulation and a Farmers agent cannot comment on the law.
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