Academy Insurance

Bodily Injury and Property Damage Liability covers your legal liability for a covered accident that involves injury to another person or damage to someone's property, up to the limit of liability you select. You are at fault for an accident that injured two people and damaged another vehicle. The other driver's total medical bills were $1,000 and the other passenger's total medical bills were $1,500. The damage to the other vehicle was $5,000. All injuries and damages would be covered because they fall within the Liability limits you selected.

When you are considering a car insurance policy, calculate how much coverage you actually need. Decide on the limits you want to set for each category, the total deductible and if you are comfortable paying it. Use common sense! Does it make any sense to carry collision insurance worth $30,000 on a $12,000 car?

A. Absolutely not. Even though many of the basic coverages- Liability, Collision, Comprehensive, Personal Injury Protection, Medical Payments, Uninsured Motorist, etc. - are offered by companies, discounts and specialized coverages can vary greatly between companies. California requires auto insurance companies to file how they calculate customer rates, and insurers cannot deviate from these filed rates.

For homeowners, insurance protection is an important aspect of homeownership. Buying homeowners insurance, also called home insurance, means buying protection for your home - both inside and out. Home insurance compensates you for losses to your home and your possessions inside it, so purchasing a homeowners policy provides added security for your investment.