Insurance is a big part of car ownership expense. Many people don't notice they're missing certain types of coverage until it's too late. The best advice is not to assume anything when it comes to insurance. If a specific coverage is not listed and explained in the policy, the loss probably won't be covered. For more details, go to the Insurance Information Institute. Property Damage Liability Pays your legal defense costs and claims against you if your vehicle damages another's property. But, it does not cover your own vehicle. Rental Car Reimbursement Your insurance company covers the cost for a replacement rental car while your own vehicle is in the repair shop after an accident or if it is stolen. Collision Pays for repairs of damage to your vehicle, above the stated deductible, caused by a collision with another vehicle or any other object, regardless of who was responsible. Comprehensive Physical Damage Pays for damage to your vehicle resulting from theft, fire, hail, vandalism, or a variety of other causes other than collision or upset. Bodily Injury Liability Pays your legal defense costs and claims against you if your vehicle injures someone. Depending on your policy language or insurance carrier, this may or may not cover family members living with you and others driving with your permission. Medical Payments Pays medical expenses resulting from a collision for you and others riding in your vehicle. Also pays for you or your family members injured while riding in another person's vehicle or while walking. Uninsured or Underinsured Motorist Pays for costs related to injuries or property damage to you or your family members and guests in your vehicle caused by an uninsured, underinsured, or hit-and-run driver. |  | |
