This week, on the second and last part of the two-part series on insurance, Richard Sharman joins us again to talk about everything you must (or at least should) know about your auto policy. From how it looks and what it’s written on it to State limits coverage and exclusions, Richard unravels every detail you must be aware of to avoid getting caught off guard when accidents hit. 

Plus, Richard goes through an auto policy declaration page, comprehensive and collision limits, and what happens with medical bills if you hit your car while driving an uninsured passenger. We also talk about deductibles and exclusions and what you should know before handing your car keys to an internal customer to get something for you real quick. 

So buckle up and get your reading glasses because today, we dive right into the small prints of your personal auto policy. 

In this episode, you will learn:

• Do States have coverage limits? (3:39)
• What happens when someone gets hurt in your vehicle (6:31)
• What are comprehensive and collision limits? (8:38)
• Does carrying the minimum protect you from being sued for larger amounts? (14:55)
• A quick auto policy breakdown (21:03)
• Some details of exclusions under liability to others (24:06)