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What does a typical TLC insurance policy cover?

The minimum requirements for registering a TLC vehicle include liability coverage, Personal Injury Protection (PIP) and uninsured motorists coverage (UM) – the combination of these coverages are typically referred to as a liability policy. This type of a policy will cover you (the insured) against claims and lawsuits for bodily injury and property damage to others up to the limits on your policy. There is also coverage for medical expenses, lost earnings and other related expenses for drivers, passengers or pedestrian under Personal Injury Protection (PIP) coverage. This is a summary only, the actual policy should be reviewed for details on any coverages, limits or exclusions.