What is Medical Payments Coverage (MedPay)
Medical payments coverage is an add-on to an auto insurance policy that covers expenses related to vehicular accidents. Also called “MedPay,” it covers you…
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Health Insurance Deductible: What It Is and How It Works
A health insurance deductible is the amount of money that an insured person must pay out of pocket every year…
What Is Comprehensive Insurance and What Does It Cover?
Comprehensive insurance is a type of automobile insurance that covers damage to your car from causes other than a collision….
Insurance Coverage: Major Types and How They Work
Insurance coverage is the amount of risk or liability that is covered for an individual or entity by way of insurance services….
What is Underinsured Motorist Coverage, Benefits and Example
Underinsured motorist coverage is an addition to your auto insurance policy. It protects you if you’re in an accident involving…
What is Liability Car Insurance, Coverage, Limits, Example
Liability car insurance is the part of a car insurance policy that provides financial protection for a driver who harms…
What is Auto Insurance, How It Works, Coverage Types and Costs
When you buy or lease a car, it’s important to protect that investment. Getting auto insurance can offer reassurance in…
What is Personal Injury Protection and How it Works
Personal injury protection (PIP), which is also called “no-fault insurance,” covers medical bills and related costs resulting from an accident,…
What is Coinsurance, How It Works, and Example
Coinsurance is the amount, generally expressed as a fixed percentage, an insured must pay toward a covered claim after the…
What is Credit Life Insurance and Who Needs it
Credit life insurance is a type of life insurance policy designed to pay off a borrower’s outstanding debts if the policyholder dies. It’s typically…
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