The Porche Insurance Agency

Oregon is not a no-fault state, however it does require its drivers to purchase Personal Injury Protection (See Below). With PIP certain claims can be settled quickly, without litigation over who's at fault. With at fault accidents, the person at fault or their insurance company pays.

Collision coverage pays for damage to your vehicle that results from a collision with another vehicle or object. Generally, the coverage reimburses you the amount needed to repair or replace your damaged vehicle, minus the deductible. This coverage is normally required if your vehicle is leased or if you have an outstanding loan on the vehicle.

Comprehensive coverage protects your investment in your vehicle by paying for losses resulting from fire, theft, falling objects, riots, storms, earthquakes, floods, collision with a bird or animal and other natural occurrences. Like Collision coverage, Comprehensive coverage generally includes a deductible. Comprehensive coverage is normally required if your vehicle is leased or if you have an outstanding loan on the vehicle.

The deductible is the amount of the loss you agree to pay or absorb in the event of a claim or accident. Let's say you have a $250 deductible. If you have a fender-bender, and the bodywork costs $1150, you will pay the deductible - $250, and your insurance company will pay the balance - $900. With auto insurance, deductible amounts typically range from $50 to $1,000 per claim. Choosing a higher deductible reduces the cost of your insurance.

Bodily Injury coverage pays for any person(s) injured in an accident where you are at fault. Coverage includes medical expenses and lost wages. These coverage's are subject to the limits and conditions of your policy. Most states require drivers to carry Bodily Injury coverage.

In a collision where you are at fault, Property Damage covers your liability for damaging another person's personal property, such as an automobile, house or fence.

This coverage pays medical bills and funeral expenses for you or a passenger injured while riding in your vehicle. Coverage extends to you or a family member when riding as a passenger in someone else's vehicle or when struck by a vehicle when on foot. Costs are covered up to the amount specified by the policy.

Personal Injury Protection (PIP) pays a broader range of medical costs than does Medical Payments coverage. PIP covers lost wages and the replacement of the services of someone injured in an accident.

Uninsured Motorist coverage protects you, members of your household and your passengers in an accident with a motorist who has no insurance or is underinsured. Uninsured Motorist protection also covers you if you're injured by a hit-and-run driver. The coverage also applies to you and the members of your household as pedestrians.