Illinois Auto car Insurance Coverage Types and Recoveries
Many people are not sure what coverage you receive from their auto insurance. Illinois Auto Insurance coverage mandating coatings, coatings that may be mandatory and optional coverage for an additional fee.
Mandatory Covered:
- Third Party Liability Coverage (Liability Coverage) - This coverage pays for bodily and property damage to others. Coverage also pays for losses caused by a member of your family living with you or the person to whom you are allowed to drive your car. Cover and pay legal costs if someone ordered after an incident. This coverage is divided into two parts:
- Physical damage (Bodily Injury) - covers the cost of bodily injury or death of a pedestrian or a driver in another car. Also covers your passengers if they are not members of your family. Illinois requires a minimum $ 20,000 limit for damage to one person and $ 40,000 minimum limit for damages to a group of people in one incident. For additional cost you can purchase higher limits.
- Property damage (Property Damage) - covers the cost of damage to the car, which you encounter, as well as fences, buildings, poles, signs and trees. Illinois requires a minimum $ 15,000 limit per incident. For additional cost you can purchase higher limits.
- Coverage for uninsured drivers (Uninsured Motorist Bodily Injury Coverage) - Covers expenses for your bodily injury and damage to insured members of your family and all passengers in your vehicle caused by the driver escaped or driver who is to blame for the incident and no auto insurance. Illinois requires a minimum $ 20,000 limit per person and $ 40,000 minimum limit of a group of people in one incident. For additional cost you can purchase higher limits.
- Cover for drivers with lower insurance (Under insured Motorist Bodily Injury Coverage) - Covers expenses for your bodily injury and damage to insured members of your family and all passengers in your vehicle caused by drivers with insufficient american insurance, which is responsible for incident. If the limit of the other driver is not enough to cover your loss, this coverage pays the difference between loss and your insurance paid by the other driver to the limit of your coverage. Illinois requires this coverage, if you bought coverage against uninsured drivers with higher than the minimum limit.
Coatings, which may be required:
- Physical damage to your car (Physical Damage) - Covers damage to your car. You may pay for part of the loss in the form of "deductible", which ranges from $ 0 to $ 1,000. Illinois does not require this coverage as required, but the financial company financing your car, you may require. Depending on the value of the car, the cost of this coverage may not be worth it. Coverage is divided into two parts:
- Coverage for collision (Collision Coverage) - Covers damage to your car in a collision with another car or object such as a building or tree.
- Comprehensive coverage (Comprehensive Coverage) - Covers damage to your vehicle by other losses such as theft, fire, hail, and more. This coverage also pays if you hit a deer. Collision with other vehicles or objects not covered by this coverage.
Optional covers for extra charge:
- Coverage of deaths in accidents (Accidental Death Benefit) - This coverage will pay if they break in road accident.
- Additional equipment (Custom / Non-Factory Equipment) - Covers equipment in the "conversion vans", and stereo systems, GSM and other non-standard car, but were added after the car left the factory.
- Coverage for leased or financed vehicles (Gap Coverage for Leased or Financed Vehicles) - Covers the difference between the actual value of your car and the amount you owe on your loan or lease your car. For example, a car was destroyed by Ivan after the accident and the insurance company pays you $ 8000 (its actual value in the incident). But Ivan has bought the car two years ago for $ 15,000 and still has to pay $ 10,000 to the bank. Bob can pay the difference of $ 2,000 from his own pocket or you may purchase coverage for leased or financed vehicles. In the latter case the insurance company will pay the difference.
- Medical Coverage (Medical Payments) - covers medical and funeral expenses for you or your passengers injured or killed in an accident in your car. This coverage also covers you and your family if you are hit by a car while walking or while in a foreign car. Cover paid even if you are to blame for the incident.
- Coverage for damage to your car / Repair / Replacement (Physical Damage / Repair / Replace Coverage) - Pays for a new car if the cost of repairing your vehicle is higher than the price for a new car.
- Compensation for car rental (Rental Reimbursement) - Pays a fixed amount per day (such as $ 20) for a rental car while your vehicle is repaired because of insured loss.
- Download (Towing) - pay part or full amount needed to retrieve your car to the nearest auto service center.
- Coverage for damage to your car by uninsured drivers (Uninsured Motorist Property Damage) - Covers damage to your vehicle caused by an identifiable fault, uninsured driver. If you have "collision coverage", that coverage is available with a maximum limit is $ 15,000 with $ 250 "deductible".
For more information please go to Illinois Department of Motor Vehicles
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Your car auto automobile motorcycle motor truck commercial rv vehicle boat cheap insurance policies contain additional terms such as "policy declarations page", "insuring agreement", "policy exclusions", "policy conditions", "policy definitions", "insurance policy" and "insurance policies". Good idea to review your Illinois usa Auto Insurance policy from cover to cover to familiarize yourself with all the terms therein. Most people's complaints about their car insurance car policies come precisely from those who have not read their bills and do not know what films are and what they should do in different situations.
