What does my coverage really cover?

By on June 23, 2010 at 2:34 PM

Posted in: Sales and Service

By guest blogger Kristie M., service rep, Arizona

If you have ever asked yourself this question, you’re not alone. In fact, you’re one of many. I had no idea what my coverage was or what it meant until I started working in insurance. Many of the coverages’ names sound like they could potentially cover the same thing. It can be confusing for someone not in the industry to understand what is actually covered, which coverage protects the policyholder, and what coverage is for other parties involved in an accident.

Take PIP (personal injury protection) and BI (bodily injury), for example. What’s the difference? What about comprehensive coverage? What does that really mean? Does it cover me, the other party, or both?

The best thing you can do when starting a policy (or whenever you have such questions) is to consult the pros. Visit geico.com, where you’ll find a lengthy list of insurance terms and definitions. Call us and ask what your coverage provides for you in the event of an accident. Make sure you have the protection that makes sense for your particular situation. As your circumstances change, your insurance needs change as well, and the coverages that might have been adequate for you five or 10 years ago may not be appropriate now.

Insurance exists to protect you when you need it, but it can only do that if you have the right coverage.