The video starts with Mark Flockhart saying he will be talking about everything auto insurance in the video. There are three primary components of insurance; coverage for others, coverage for you, and coverage for your vehicle.
Coverage for others covers bodily injury.
The limit you pick is how much your insurance will cover for those injured in the other car due to an accident you caused. It also covers property damage. This includes the vehicle or any other damaged property of the other party involved. For those in your car, medical payments apply. Coverage for others also applies to uninsured and underinsured motorists.
In some states, PIP (Personal Injury Protection) is offered. If you find yourself in a position where you can choose between PIP and med pay, go with the former. Unlike med pay, PIP also covers work loss and death benefits, among other things.
For coverage for your car, you have two main options: Comprehensive (Acts of God and Animals) and Collision (auto accidents).
The price of insurance is also important. You will have to choose which coverages are helpful for you.
