There is no shortage of Acronyms for most professional services. Insurance coverage is no exception. Here is a quick cheat sheet:
LI- Liability
BI- Bodily Injury
PD- Property Damage
PIP – Personal Injury Protection
UIM/UM – Uninsured or Underinsured Motorist Coverage
ACV – Actual Cash Value
COMP- Comprehensive coverage
COLL – Collision
Bellingham Personal Injury Attorney Bill Coats recommends that you go over your insurance policy every year to make sure you understand just what you are covered for. If you have questions, he and his staff are waiting to take your call.