Insurance Acronyms Cheat Sheet

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.

 

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