We all have heard the terms “full coverage,” and “liability,” but what do those terms mean? Your trusted Baton Rouge personal injury attorneys here at Spencer Calahan Injury Lawyers are here to explain the types of auto insurance you may or may not know about.
- Full Coverage: A somewhat illusory term, full coverage actually only means that you have liability coverage as required by Louisiana State law most of the time. Liability coverage means liability to others, and is a policy of insurance that will compensate others if you were to cause a collision and injure someone or damage their vehicle. It will protect and you from personal exposure up to the limits of your insurance policy but will not compensate you in any way, thus not covering any damage to your vehicle.
- Uninsured or Underinsured Coverage (UM Coverage): This type of coverage will actually compensate you if you’re in a collision that isn’t your fault. UM coverage comes in both bodily injury coverage if you are injured and property damage coverage if your vehicle is damaged. In an uninsured situation, it may be the only coverage in effect if the at-fault party did not have any insurance.
- Medical Payments Coverage (Med Pay): This is a type of coverage that is for a predetermined amount ($1000, $2500, or $5000) that will help pay any medical bills you may incur after a collision. Not only does this cover the driver but it usually covers any passengers in your vehicle too.
- Collision Coverage: This type of coverage is a non-fault based coverage that will help you pay for repairs to your vehicle for collision-related damage regardless of if you were at fault or not. Normally, there is a deductible you must pay or have deducted from the damage estimate and your coverage will then pay for any vehicle repairs above and beyond your deductible amount.
If you have damages that you feel are not being covered by your insurance company call your Baton Rouge Auto Injury Attorney in Baton Rouge. The lawyers at Spencer Calahan will get to work right away on your case.