Oregon auto insurance buyers have several options available to them when choosing coverage. The following types of protection are offered by insurance companies licensed to sell policies in the state:
Bodily injury liability coverage pays for personal injury claims made by the occupants of the other vehicle when an at-fault accident occurs. It pays for medical bills, rehabilitation expenses, funeral costs, and legal fees incurred in defending an action.
Property damage liability coverage is used to pay for the cost of repairs to the other driver’s vehicle. It pays for the cash value of other people’s property damaged or destroyed in an accident.
Uninsured and underinsured motorist coverage pays out when the at-fault driver in an accident either doesn’t have coverage or doesn’t have enough protection to pay for the damages caused in an accident. It covers personal injury claims made by accident victims.
Uninsured motorist property damage coverage is used to pay for repairs or the cash value of the policyholder’s car after a collision where the driver doesn’t have any coverage or cannot be identified.
Personal Injury Protection (PIP) coverage compensates the policyholder and the occupants of his or her vehicle for their medical bills and rehabilitation costs following an accident. It also compensates covered individuals for their lost wages and childcare costs. This type of insurance also pays out a funeral benefit if the accident was a fatal one.
Collision and comprehensive insurance coverage pays for physical damage to the policyholder’s vehicle. Collision insurance pays out when the damage is caused by striking another vehicle or an object. Comprehensive insurance pays out when the damage is caused by events such as flooding, hail, falling objects, wind, fire, vandalism and theft.