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Clickable Coverage - Business Auto

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Created on March 28, 2024

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Transcript

Comprehensive Physical Damage Coverage

Risk Factor: Non-collision incidents like theft, vandalism, flood, or fire can cause significant damage to your vehicle, resulting in expensive repairs or replacement. Solution: Comprehensive Physical Damage Coverage compensates for such damages, offering financial protection against these non-collision risks.

Medical Payments

Risk Factor: Accidents can result in medical expenses for you and your passengers, regardless of who is at fault, leading to unexpected financial burdens. Solution: Medical Payments Coverage helps pay for these medical expenses, providing financial relief after a covered accident.

Liability Coverage

Risk Factor: Being involved in a covered accident can result in legal exposures and damages, potentially leading to costly legal battles and financial liabilities. Solution: Liability Coverage protects you from costs like legal liability, accident-related injuries, or accident-based damage in the event of a covered accident.

Collision Coverage

Risk Factor: Collisions with other objects can cause extensive damage to your vehicle, leading to costly repairs. Solution: Collision Coverage pays for the damage to your vehicle in the event of a collision, alleviating the financial impact of such incidents.

Bodily Injury Liability Coverage

Risk Factor: At-fault accidents can result in severe bodily harm to others, imposing a heavy financial burden due to medical expenses and potential legal costs. Solution: Bodily Injury Liability Coverage can ease the financial strain by covering expenses related to bodily harm or death from an at-fault accident, typically including legal costs.

Property Damage Liability Coverage

Risk Factor: Unintentional damage to someone else's property caused by your vehicle can lead to significant repair costs and financial liability. Solution: Property Damage Liability Coverage protects you by covering the costs if your vehicle unintentionally causes damage to another person's property.

Uninsured Motorist Coverage

Risk Factor: Injuries and property damage caused by uninsured or hit-and-run drivers can leave you without adequate compensation, leading to financial hardship. Solution: Uninsured Motorist Coverage protects you from these risks, covering injuries and property damage, and often includes underinsured motorist coverage for cases where the at-fault driver's insurance is insufficient.