b'A common policy structure has 100/300/50WHAT IS UMBRELLA COVERAGE?liability limits, which covers up to: Think of umbrella insurancesometimes called excess$100,000 for injuries per person. liability insuranceas a fail-safe for your savings and other$300,000 for injuries total, per accident. assets. You can avoid financial ruin if you accidentally cause major injuries or property damage to others that exceed the$50,000 for property damage per accident. liability limits of your car insurance. Because a large lawsuit can wipe out not only your current savings, but also what you Remember, your auto policys liability stand to earn in the future. Even if you dont have assets to coverage does not pay to repair your owncover a massive settlement now, you could be stuck paying off property or injuries if you cause an accident. the debt for years.WHAT IS UNDERINSUREDHOW ARE INSURANCE PREMIUM MOTORIST COVERAGE? RATES DETERMINED?Since car insurance can be expensive, many driversAll insurance companies are not created equal. only buy the minimum coverage required by stateSHOP AROUND. Get quotes from several laws, just enough coverage to drive legally. Nevadacompanies before choosing.and Colorado only require drivers to have $25,000 in liability coverage. California requires even lessInsurance companies assess your annual coverage$15,000. This means many driverspremium based on many factors such as:are underinsured. If they cause an accident, theirAgeminimum coverage could not be enough to payGendermedical expenses and lost earnings if youre injured. Up to 25% of all drivers have no car insuranceWhere you liveat all, putting you at even greater risk. HavingMarital statusunderinsured motorist coverage will benefit youMake and model of your vehiclein this situation. Your costs might not be covered Your driving recordby another drivers policy. But underinsured motorist coverage (UIM) protects you when youreYour credit historyin an accident thats not your fault. As a result, Your annual mileageyou wont have to worry about paying for out of pocket expenses. WHAT IS FULL COVERAGE?When you add collision, comprehensive and medical payment insurance to your liability policy, it is considered full coverage.Collision: Pays to repair your car after a crash you cause, or pays out your cars estimated value if its totaled.Comprehensive: Covers theft and damage caused by vandalism or acts of nature (such as a tree limb falling on your car), among other things.Medical Payments Coverage:Pays for you and your passengersmedical treatment no matter whocauses an accident. 21'