Bodily Injury Liability Coverage
Bodily injury liability insurance covers other people’s damages for bodily injuries or death for which you are deemed to be the responsible driver, up to the amount of the policy limits. Bodily injury liability and property damage liability coverage are the core of auto insurance policies. With the exception of New Hampshire and Wisconsin, all states and the District of Columbia requires drivers to have these types of coverage. Minimum coverage amounts vary by state. For example, the required amounts for minimum coverage can be as low as $10,000 in Louisiana, compared to $50,000 minimums in the states of Alaska and Maine.
What It Includes
The majority of states require minimum bodily injury liability coverage of $25,000 per person and $50,000 per accident. What this means is that the policy will pay up to $25,00 per person for bodily injury damages but no more than a total of $50,000 total for the entire accident. For example, if there were three injured people in another vehicle incurring a total of $75,000 in damages, your policy would only pay up to the $50,000 policy limit for their claims. You would then be personally responsible for any excess damage beyond the policy limits.
Bodily injury liability coverage also pays for your legal defense if another party files a lawsuit against you as the result of an accident. Personal injury claims resulting from vehicular accidents are common. Claims for bodily injury may include medical bills, loss of income from work, and general damages for pain, suffering and inconvenience among other damages. This is an excellent benefit as attorney’s fees and litigation costs can be very expensive.
Getting The Right Amount of Coverage
Insurance companies allow you to purchase bodily injury coverage for limits well beyond the required minimums. If you own a home or have other assets, it makes sense to get the amount of coverage that will protect you in the event of a serious accident. If the damage involved in an accident exceeds your policy limits, you could be forced to liquidate property, savings, other assets, or your future earnings to pay for the damage. Get a quote now from BestCarInsuranceCompanies.net and get the amount of coverage you need.