Property Damage (PD):  Protects your liability when you accidently damage another’s vehicle or property.  Note: The difference in coverage pricing from 25,000.00 to 100,000.00 can often be less than $4.00 every 12 months.  (This is a synopsis of the term, please contact us for additional examples and perspective.)

Uninsured-Underinsured PD:  Protects your vehicles and property from an un-insured or underinsured motorist.  If a motorist damages your property without insurance or with minimal insurance, your policy positions you with protection.  (This is a synopsis of the term, please contact us for additional examples and perspective.)

Uninsured-Underinsured BI:  Bodily injury caused due to the negligence of  an uninsured or under-insured motorist is how this coverage protects you.
(This is a synopsis of the term, please contact us for additional examples and perspective.)

Medical:  Medical expense coverage for those hurt “in”, “on” or “around” your vehicle regardless of fault.  The goal of this coverage is to provide funds for injury without the need to incur legal expenses.  (This is a synopsis of the term, please contact us for additional examples and perspective.)

Collision Deductible:  The funds your retain responsibility for in the event of a claim.  (This is a synopsis of the term, please contact us for additional examples and perspective.)

Comprehensive Deductible: The funds you retain responsibility for in the event of damage to your vehicle.  Example: someone slashing your tires, a broken windshield due to hail or a rock from the road.  (This is a synopsis of the term, please contact us for additional examples and perspective.)

Towing reimbursement:  Towing “reimbursement” up to the level of coverage.  If the call for service is direct to the insurance company, the insurance company will pick-up the cost of towing up to the limits of the coverage.  The towing company will charge only for the remaining funds due.  (This is a synopsis of the term, please contact us for additional examples and perspective.)

Rental Reimbursement:  As a result of a claim, the insurance company will pay for a rental in the amount of the coverage defined on a daily basis up-to 30 days.    (This is a synopsis of the term, please contact us for additional examples and perspective.)

Accessory Coverage:  Upgrades can be insured additionally.  Add-on side bags, chrome, windshield are an examples of how this coverage can help protect you in the event of a loss.
(This is a synopsis of the term, please contact us for additional examples and perspective.)

Lease/Gap Coverage:  Value of the vehicle vs the lease buyout.  Coverage applies to the first owner of the vehicle only.  (This is a synopsis of the term, please contact us for additional examples and perspective.)

NOTE: Other Coverage Issues
· Lease or Loan Gap added Insured must be original owner/lessee of vehicle, vehicle must be 3 yrs old or less, insured must purchase both Collision & Comp
· Coverage GL (Passenger Liability) insurance premium and limits will be included in the Bodily Injury Liability coverage premium and limits displayed on the dec page
· Towing Coverage included for all Harleys, Touring, & Touring Sport models
· Under the livery exclusion now provides coverage for use of cycle for charitable events
· Medical payments expanded Named Insured and Resident Relative now covered if injured in a motor vehicle accident using other than a motorcycle
· Collision coverage for helmets increased to $500

 

Georgia Motorcycle Insurance

This entry was posted on Friday, January 16th, 2009 at 9:29 pm and is filed under Accessory, Bodily Injury, Charitable, Collision, Comprehensive, Guest Liability, Helmet, Lease Gap, Medical, Passenger Liability, Property Damage, Rental, Theft, Towing. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.