Matthew King Insurance Agency, Inc.
Information and Resources
 

Auto

Bodily Injury and Property Damage Liability: Bodily injury liability coverage is insurance that protects you against financial loss (including the cost of your legal defense), when you are legally held liable for injuring other persons in an automobile accident. Liability insurance for both bodily injury (BI) property damage (PD), or proof of financial responsibility, are required by state law. These two coverages together, are often referred to as liability insurance.

Uninsured Motorist UMBI/UMPD: Covers you, the insured members of your household and your passengers for bodily/personal injuries, damages, or death caused by an at-fault uninsured or hit-and-run driver. Covers your auto when property damage is sustained by an insured and the negligent operator does not possess insurance. If you are involved in an accident where the other driver is at fault but has no insurance, your policy will cover your medical expenses, up to the limit on your policy.

Comprehensive: Covers your vehicle for losses resulting from incidents other than collision. For example, comprehensive insurance covers damage to your car if it is stolen; or damaged by flood, fire, or animals. It pays to fix your vehicle less the deductible you choose. Coverage is limited to the terms and conditions contained in the policy. This is not required by a state, but if you have a loan or a lease then the lien holder will require it.

Collision: Covers damage to your car when your car hits, or is hit by, another vehicle, or other object. Pays to fix your vehicle less the deductible you choose. Coverage is limited to the terms and conditions contained in the policy. This is not required by a state, but if you have a loan or a lease then the lien holder will require it.

Business:

General Liability: Insurance which is primarily concerned with losses caused by negligent acts and/or omissions resulting in bodily injury and/or property damage on the premises of a business, injury resulting from the use of a product manufactured or distributed by a business, or injury occurring in the general.

BOP: BOP insurance is similar to a homeowner’s policy for your business. It offers a range of coverage that most small and medium-sized businesses need. Common BOP coverage includes property insurance, which protects your building, equipment and inventory, business income insurance, which protects you from losses that occur when you must suspend your operations, liability, for those instances when your employees, products or services cause harm to other people or their property, personal and advertising injury coverage for copyright infringements, libel, or slander, and equipment coverage.