Savich: Coverage: Automobile

Coverage	Type	Limit of Liability
Bodily Injury and Property Damage	Any Auto	Up to $10,000,000
Medical Payments	Owned Autos	Up to $25,000
Uninsured/Underinsured Motorists	Owned Autos	Up to $1,000,000
Physical Damage	Owned Autos	Ask for Details

Liability Coverage

The liability coverage of the commercial auto policy provides protection against legal liability arising out of the ownership, maintenance, or use of any insured automobile. The insuring agreement also states that in addition to the payment of damages for which the insured is legally liable for, the insurer also agrees to defend the insured for all legal defense costs. The defense cost is in addition to the policy limits.

Medical Payments Coverage

The insuring agreement states that the insurer will pay all reasonable and necessary medical and funeral expenses incurred by an insured because of bodily injury caused by an accident. The organization named on the declarations page is the named insured. Also included as insured are the named insured's employees and guests, and any other person occupying a covered auto. These payments are made without regard to fault.

Uninsured Motorist

The insuring agreement pays for bodily injury to an insured who is injured by an uninsured motorist, a hit-and-run driver, or a driver whose insurer becomes insolvent. These benefits are paid under the named insured's policy.

Underinsured Motorist

This coverage is added to supplement the Uninsured Motorist Coverage. The coverage applies only when the other driver has liability limits at the time of an accident, but the liability limits carried may be insufficient to pay for damages for which the driver is responsible. This is when the insured's underinsured motorists coverage would apply and payment for the difference could be made. The two coverage are mutually exclusive and do not overlap or duplicate each other. Any Automobile Coverage is provided for any auto, including autos owned by the insured, autos the named insured hires or borrows from others, and other non-owned autos used in the insured's business.

Owned Automobile

Coverage is provided for all autos owned by the named insured. The owned auto symbol is used for liability insurance only.

Non-owned Automobile Coverage is provided only for autos not owned, leased, hired, or borrowed by the insured. Coverage includes autos owned by the insured's employees or members of their households, but only while used in named insured's business or personal affairs.

Hired Automobile Coverage is provided only for autos leased, hired, rented or borrowed for use in the named insured's business.

Collision Coverage

This coverage provides protection against loss or damage to a covered auto or a non-owned auto resulting from the impact with another vehicle or object. Collision losses are paid without regard to fault.

Other-than-Collision Coverage

Formerly known as "comprehensive", this coverage provides protection against loss or damage to a covered auto resulting from loss other than a collision or upset. Accidents with wildlife (i.e. deer) are considered Other-than-Collision losses, as they were when the coverage was known as "comprehensive". This coverage also provides for supplemental payments for transportation expenses in the event of the theft of a covered auto.

Rental Reimbursement

The business auto policy provides a coverage extension if an auto is insured for comprehensive or specified causes of loss coverage which insures against loss of use of a covered auto only if the auto is a private passenger-type auto and is stolen. The coverage extension pays up to a daily limit of $10 and a maximum of $300. Payments begin forty-eight hours after the theft and ends when the insured auto is returned or when the insurer has paid you for the auto. The daily limit and maximum may be increased for a modest additional premium charge.

Personal Injury Protection

Personal Injury Protection (PIP) is an endorsement that adds no-fault benefits. No-Fault means that in the event of an automobile accident, each party collects from his or her own insurer regardless of fault. The PIP endorsement is only available in certain states with No-Fault laws. The endorsement applies only to bodily injury and not to property damage. (The state of Michigan is an exception to property damage.) No-Fault laws vary widely from state to state.