What are the different types of coverage in an insurance policy?

In Washington, there are several different types of coverage in an insurance policy. Generally these fall into three main categories: liability coverage, personal property coverage and medical coverage. Liability coverage covers damage that is caused to someone else’s property, or injuries sustained by someone else as a result of an accident or negligence. This type of coverage pays for the cost of repairs to the other person’s property and also pays for medical bills in the case of an injury. It is important to note that liability coverage does not cover damage to your own property. Personal property coverage covers physical items that you own, such as your home and car. This type of coverage pays for any damage that is caused to your property due to a covered event, such as theft, vandalism or natural disasters. Medical coverage is designed to cover any medical expenses that you may incur as a result of an accident or injury. This type of coverage typically pays for doctor visits, hospital stays and prescription drugs. When considering an insurance policy, it is important to pay attention to details such as the amount of coverage, any deductibles and exclusions that may affect what is and isn’t covered. Knowing the different types of coverage and being aware of the details will help ensure that you have the right amount of coverage to suit your needs.

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