Uninsured Motorist Bodily Injury (UM or UMBI)

By law in most states, you must have a minimum amount of both types of coverage. The amount varies by state. 

Uninsured Motorist Bodily Injury (UM or UMBI).

This coverage pays for your bodily injuries and those of your passengers if you are hit by a hit-and-run driver or an uninsured driver who is at fault.

Uninsured Motorist Property Damage.
This coverage pays for damage to your car if you are hit by a hit-and-run-driver or an uninsured driver who is at fault.

Underinsured Motorist Coverage. This coverage pays for your bodily injuries and those of your passengers if you are hit by an underinsured driver who is at fault. "Underinsured" will be defined by your state law or by your insurance policy. That means this coverage can vary by state or by insurance policy.

Property (Physical) Damage Coverages
State laws do not require you to buy physical damage coverages for your car, but your lender may, at least until you pay off your loan.

Collision
This coverage pays to repair your car. Or if the insurer decides your car is "totaled," it pays you your car's actual cash value. This coverage usually has a deductible, which is the amount of the claim that is your responsibility.

Comprehensive (sometimes called "Other than Collision")
This coverage pays for damage to your car that is NOT from a collision. This usually includes damage caused by fire, theft, vandalism, falling objects, hail, flood or an accident involving a bird or animal. This coverage usually has a deductible, which is the amount of the claim that is your responsibility.