Definition: The term "automobile insurance" refers to a type of insurance that covers the costs related to accidents involving vehicles, such as cars, trucks, SUVs, motorcycles, and bicycles. The coverage may include liability limits, bodily injury or property damage coverages, and other types of coverage. Bodily Injury or Property Damage Coverage: This coverage pays for medical expenses and lost wages if someone is injured in an accident that was caused by the driver's fault. The limit on this coverage can vary depending on the state where you live. Liability Limits: These are the specific amounts your insurance company will pay to repair or replace parts of your vehicle that have been damaged, or to cover damages that arise from a driver's negligence. It is important to review your policy for liability limits as they may be different in different states. Liability Coverage: This coverage pays for repairs if the driver was negligent and caused an accident. Property Damage Coverages: These are coverage for property damage such as your car, truck, or other vehicle that you have had damaged due to accidents. This is often a minimum amount of insurance required by law to be in place in most states. It's important to review your policy to understand what specific coverage and limits apply to your situation. If unsure about the specifics, it may be best to consult with an insurance agent or legal professional.

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