Safeco Insurance Reviews



Safeco Insurance Reviews

Med Pay? PIP? Dec pages? Insurance Terms, Explained

With all kinds of different coverages for all kinds of different needs, insurance can be very confusing. And to make it even more challenging, at times it probably seems like insurance websites and policy documents are written in a completely foreign language.

Of course, that's why we recommend working with an independent agent... someone who is on your side during the process and who can explain everything you need to know,like these guys Safeco Renters Insurance Reviews.

Even if you do work with an independent agent, however, it's good to have a little basic knowledge about insurance. Below are definitions for some common terms that will help you understand your coverage a little better.

General Insurance Terms

:

Auto Insurance Terms

  • Aftermarket parts: Vehicle parts made by a different company than the one that manufactured those originally included with the vehicle.
  • Bodily injury coverage: Covers expenses for physical injuries, such as hospital bills or medical care.
  • Collision coverage: This pays for damage to a vehicle caused by you or someone else covered by your policy.
  • Comprehensive coverage: If your vehicle is damaged by something you could not control, such as fire or a tree falling, comprehensive coverage applies.
  • PIP (personal injury protection): This pays medical expenses for a policyholder or additional insured, and their passengers, if they are hurt in an auto accident, regardless of fault.
  • Uninsured/underinsured motorist (UIM): Pays for your damages and expenses if another driver is at fault in an accident but does not have enough insurance to cover your costs.
  • Homeowners Insurance Terms

  • Additional living expenses: Coverage for expenses above your usual living expenses, such as if you have to stay in a hotel because you can’t live in your damaged home.
  • Catastrophe: A disaster, such as a hurricane or tornado, that impacts a specific area and results in significant damage.
  • Flood insurance: Typically, standard homeowners policies do not provide coverage for flooding-it must be purchased separately.
  • Home contents: These are the things inside your house that aren't fixed to the structure, such as your furniture, appliances, etc.
  • Peril: A specifically defined risk, such as hail, flooding, wind, etc.
  • Scheduled personal property: Separate coverage for high-value items, such as expensive jewelry, that exceed the limits of your policy or are otherwise excluded.
  • If something isn't clear when you're buying or considering insurance, don't be afraid to ask questions! Your independent agent is there to help you get the coverage you need-and make sure you understand it, too.



    Safeco Insurance Reviews
    Safeco Auto Insurance Reviews
    Safeco Car Insurance Reviews
    Safeco Homeowners Insurance Reviews
    Safeco Renters Insurance Reviews
    Safeco Condo Insurance Reviews
    Safeco Landlord Insurance Reviews