There are a number of types of car insurance available to New Hampshire residents. Liability insurance, which is put in place to pay for damages incurred by accident victims in the other vehicle, is one type. Bodily injury liability insurance coverage pays for medical bills, lost wages and other expenses of the people in the other vehicle following the accident. Property damage liability insurance is put in place to pay for the cost of repairing the other driver’s vehicle, as well as property like mailboxes, sign posts and light stands.
Collision coverage pays for the cost of repairing the driver’s own vehicle after an accident. If the vehicle is totaled in the accident, the insurance company will pay out based on the car’s cash value.
Comprehensive insurance coverage pays out when the loss is caused by something other than a collision. It protects the car owner against events like damage caused by severe weather, vandalism and theft.
Uninsured motorist coverage is put in place to pay for damages caused by a driver who does not have insurance. Underinsured motorist coverage is used to make up the difference between the at-fault driver’s policy limit and the actual amount of damage caused.
Medical payments insurance will cover medical bills following the accident, no matter who was at fault. It protects the driver and the occupants of his or her vehicle, up to the policy limit the insured chooses.