Travelers Insurance is a well-respected company that has been in business for over a century. It offers an extensive line of insurance products, including auto, homeowners’ and renter’s coverage.
This company offers the following types of insurance to vehicle owners:
- Medical payments
- Bodily injury
- Property damage
Collision and comprehensive insurance are examples of physical damage protection. The collision part of the policy pays for damages incurred when the car has been involved in an accident which involved striking another object or rolling over. The comprehensive coverage provisions kick in when the damage is caused by events like fire, theft, acts of vandalism and severe weather.
Uninsured motorist protection is required in some parts of the United States, and it pays for damages caused when the at-fault driver doesn’t have any coverage in place. Underinsured motorist is used when the at-fault driver has some coverage but the level of protection is not high enough to pay for the damages caused.
Medical payments coverage is used to compensate the policyholder and the occupants of his or her vehicle for their medical bills incurred due to a motor vehicle accident.
Bodily injury liability coverage is put in place to pay for injuries and damages sustained by the occupants of the other vehicle in an at-fault accident. It pays for medical bills, rehabilitation costs and lost wages (in some states).
Property damage liability coverage is put in place to pay for the cost of repairs to the other driver’s vehicle, as well as any public property damaged in the accident.