The State of Nevada requires minimum bodily injury and property
damage coverage on all registered motor vehicles; however, there are
other types of coverage that you may consider obtaining for your own
peace-of-mind. But how do you decide what type of coverage you
need and how bodily injury/property coverage protects you? You
must acquaint yourself with the various types of Nevada auto insurance
coverage that are available to you:
Bodily Injury Liability – This type of coverage
will pay for bodily injury claims filed by other individuals injured in
Property Damage Liability – This type of coverage
will pay for the damage done to another’s property in the accident.
Medical Coverage (sometimes called PIP or MedPay) –
This type of coverage is optional and is a supplemental source of funds
that will cover the medical bills incurred by you and the passengers if
you are in an accident.
Uninsured and Underinsured Motorist Coverage – This
type of coverage is optional and protects you in the event that the
driver who caused the accident is either underinsured or uninsured.
Collision Coverage – This type of coverage is
optional and pays for damage to your car when you are in an
Comprehensive Coverage – This coverage is optional
and pays for damage to your car that is not accident-induced. For
example, Comprehensive Coverage will pay for vandalism, windshield
breaks, storm damage and more.
Varying deductable amounts must be paid before insurance will begin
to pay. Comprehensive and Collision coverage can become quite
expensive, so you should weigh your options carefully. For
example, if your vehicle is worth only $500, it is not prudent to
obtain full Comprehensive coverage as the deductable will likely be
more than the cost of replacing the vehicle.