Provide constructive, comprehensive feedback to the discussion below.

I currently have an automobileproperty insurance plan and plan to seek a homeowner property insurance plan following graduation once I move out. I will first discuss my auto liability plan. This plan protects my personal liability and financial risk as well as potential damages suffered to others property or personally in result of my vehicle.

I live in PA where the minimum state required automobile coverage is a 15/30/5 split limit. There are four basic parts of an auto insurance policy; Part A: Liability Coverage, Part B: Medical Payment, Part C: Uninsured/ Underinsured Motorist Coverage, and Part D: Comprehensive Physical Damage. My personal policy includes comprehensive and collision coverage.

Comprehensive coverage cover damage to the vehicle from vandalism, weather, and accidents involving animals, while collision coverage covers damage to your car after an accident involving another vehicle or object (Encova, 2020). My plan also includes medical payments, persona injury, liability, uninsured motorist, and towing coverage as well. I currently have full coverage on my vehicle since it is being financed. These coverages ensure my loan provider, myself, and others have minimal financial risk while I am driving.

I currently have a $500 collision coverage deductible and a $1,000 comprehensive deductible. My auto insurance plan also follows the 15/30/5 split mentioned above. This includes $15,000 bodily injury liability coverage per person, $30,000 bodily injury liability coverage per accident, $5,000 for property damage liability coverage.

Overall, my automobile insurance plan not only protects me physically but financially. Liability, collision, and comprehensive coverage helps minimize financial risk with planning.