Insurance Terms You Should Know
Written and Reviewed by Michael Agruss
- Managing Partner and Personal Injury Lawyer at 844SeeMike.
- Over 20 years of experience in Personal Injury.
- Graduated from the University of Illinois Chicago School of Law: Juris Doctor, 2004.
Since all drivers are required to carry auto insurance in the State of Illinois, teenage drivers must especially be aware of insurance terms. Illinois law requires minimum vehicle coverage and knowing the basics should help you build your knowledge in auto insurance. Here are common insurance terms you should know:
- Bodily Injury (BI) Liability – insures pedestrians, passengers of another car, and, possibly, your own passengers who are not members of your household.
- Property Damage (PD) Liability – bears the expense of vehicle damage to another person or property like fences, poles, and buildings.
- Medical Payments – insures you or your passengers in the event of a vehicle accident in your car, even if you are the at-fault driver.
- Collision – will pay for your vehicle damages due to collision with another car or a fixed object (post or tree), or when your car overturns due to the impact.
- Comprehensive – will cover damages caused by other things but the collision e.g. falling tree, vandalism, fire, theft, etc.
- Uninsured Motorist Bodily Injury – This type of insurance is another required auto insurance coverage that is strictly for vehicular accident injuries caused by a hit-and-run driver or an at-fault driver with no liability coverage.
We see you as a person, not just a client – and that makes us better at what we do. We listen. We learn your story. And, as we help you get the money you deserve, we go above and beyond in a way most law firms never could and never would. Because we’re not just lawyers. And you’re not just a client. We’re friends, neighbors, family. We’re all people and here at 844 See Mike, we put people first.
A lot of personal injury lawyers raise their contingency fee throughout the process, charging 1/3 if the case is settled pre-suit, charging 40% if the case is filed after a lawsuit is filed, and charging 50% if the case goes to trial. We don’t. At 844 See Mike, our personal injury contingency fee is always 1/3 and that’s not changing. We will handle your property damage claim FOR FREE. We will never change our contingency fee throughout the process. You will not owe us a penny unless you get money. Our unique formula has earned us over 1,000 outstanding client reviews on our website, an A+ BBB rating, and over 145 five-star reviews on Google. Call 888-572-0176, e-mail us at michael@agrusslawfirm.com or schedule a meeting with us here. We’re here 24/7.
Submitted Comments
No Comments submitted yet. Sharing your story will help others!
