It protects you in the event of an accident where the other party is at fault and is uninsured or underinsured. Some car insurance qualifying factors, such as your driving history, can significantly affect your insurance costs. Bodily injury (BI) coverage covers the other driver's medical expenses if you're at fault for an accident. This will include the safety features of the car, the year and make, the age of the vehicle, the ownership of the vehicle, and the cost of repairing the vehicle.
If you can't drive your car because of a covered loss, this coverage helps pay for a car rental or other transportation expenses so you can get back on the road. This insurance can cover reasonable and necessary medical or funeral expenses for you and others who are covered by your policy in the event of an accident, regardless of who is at fault, up to the amount you choose. Some drivers may have to ask their insurer to file an SR-22 form, if requested by the state, to meet financial responsibility requirements. The consequences of driving without insurance exceed the monthly insurance premium and may result in the following penalties.
In some states, your vehicle can be towed and you won't be able to claim it until you present proof of insurance. With this optional coverage, Nationwide won't increase your car insurance rates after your first at-fault car accident. Under state law, Wisconsin auto insurance companies must provide you with coverage for medical and underinsured motorist payments. Some states require an SR-22 document to show that you can meet the state's minimum insurance requirements.
The terms, definitions and explanations of insurance are for informational purposes only and do not replace or modify in any way the definitions and information contained in the individual pages of contracts, policies or insurance statements, which are decisive. If you don't have insurance and are involved in an accident, you must pay out of pocket for the damages, and depending on the severity of the accident, the costs can be very high. While this part of your policy may overlap with that of health insurance, MedPay can help you cover the deductibles and co-pays of your health insurance plan.