Glossary of Terms (Part 2)
July 2nd, 2008
Bodily Injury Coverage (BI) – BI pays for injuries to other people when the insured vehicle’s driver is legally at fault. This coverage is required in Colorado, New Mexico, Utah and Wyoming. The mandatory minimum limit is $25,000 per person.
Collision Coverage – Coverage for when your car is damaged as a result of colliding with another object-a brick wall, for example, or a rollover. This insurance applies only to the car. It doesn’t cover whatever the car collided with (that’s what your property damage liability is for). This coverage is optional.