LIABILITY CAR INSURANCE IN A NUTSHELL
Liability car insurance is a financial protection to a driver that causes damage to a person or their property while driving. A car insurance policy feature, it covers the costs of the necessary repair to the damage that the reckless driver has caused. The coverage also includes injuries to third-parties and damages to their properties. It's the reason why a liability only car insurance has two main types of coverage: bodily injury liability insurance coverage and property damage liability car insurance.
However, you need to take note that liability car insurance has no coverage for medical bills and costs to repair the damaged car of the driver at fault. It basically pays the damage you have caused for driving recklessly, assuring that you won't incur so much loss from the accident. Aside from that, your insurance company identifies the persons and things covered by the liability car insurance, so choose the best policy you can afford.
And speaking of being able to afford, the liability car insurance cost depends on the state where you live and your financial situation. The good news is that you can read through the state requirements or ask a local company for a liability insurance quote.
CAR INSURANCE LIABILITY LIMITS
As you purchase your auto insurance, you'll usually notice three different car insurance liability limits for both types of coverage. Let's say, for example, the state minimum liability insurance, which is 30,60,15.
Physical Injury Per Person. The first digit is equivalent to $30,000, and it is the maximum amount that your insurance will pay for the injuries of one person.
Physical Injury Per Accident. The next number is worth $60,000, which is the maximum amount that your insurance will pay for everyone who is injured in the accident, excluding yourself.
Property Damage. The last digit is $15,000, which is the maximum amount your company will cover for the properties you have damaged, such as vehicles, establishments, road accessories, among others.
If any of the costs exceed the limit, the at-fault driver will pay for the excess amounts.
There are many technical aspects of liability car insurance. With that, always consult your insurance company first before making the final purchase. For your convenience, you can request and compare online liability insurance quote through this page. It’s fast, free and hassle-free.
Liability Car Insurance Coverage
As previously mentioned, there are two main automobile liability insurance coverage types: bodily injury liability and property damage liability. But how do they differ?
What it Covers
Bodily injury liability coverage helps you pay for medical costs that an injured person may incur. It also covers medicines or other treatments needed for recovery. If the injury is severe that the person can't go back to work yet, then bodily injury insurance can be used to pay for lost wages claims. If, for instance, the injured person sues you, this coverage can also help you pay for the lawyer or court fees. Without this, you'll end up paying for all the costs incurred because of the car accident.
Meanwhile, property damage liability coverage works the same way, but it covers the costs to repair damaged properties. It includes the cost to repair for the car that you have damaged, the damaged properties inside the damaged car, and even the restoration costs for affected establishments. If you recklessly drive through a small store, this type of insurance coverage can help you pay for the needed repairs.
What it Doesn’t Cover
What they don't cover, however, is your medical bills and the repair costs for your damaged vehicle, assuming that you are the driver at-fault. If you want to ensure that you get everything covered, including yourself, you also need to purchase the collision coverage and the comprehensive. To give you a ballpark of the expenses, the minimum coverage car insurance depends on the state of your residence.
