Components of Liability Coverage and What is Covered

Liability insurance for cars is a guarantee against the driver's personal property in the event of an accident that causes bodily injury or damage to someone else's property. Both components, bodily injury and property damage, are third-party benefits that the driver cannot use personally. Liability insurance is required by law in 49 of the 50 states, with varying limits, and protects those who have suffered losses. Having liability coverage is essential for any driver, as it can protect you and your assets from financial losses in the event of an accident. The limits for each component vary by state, and your auto insurance agent can explain the minimum requirements to you.

Liability insurance will also pay the costs of your legal defense if you are sued as a result of your participation in the accident. Fortunately, Navigator knows the individual state and federal requirements and will ensure that you have at least the minimum amount of major liability insurance required by law. These limits determine the maximum amount your insurance coverage will pay if you need to use it. Talk to your agent about the costs associated with the policy and look for the cheapest auto liability insurance quotes. If you cause an accident that injures or even kills another person, the bodily injury (BI) portion of your main liability insurance will cover the related expenses.

Rental truck drivers operating under their own authority must have primary liability insurance in order to file an application. Most people combine liability with collision (which helps cover their own costs for injuries and property damage), but there are some cases where liability only car insurance is a viable option. General liability insurance is coverage that protects you against financial liabilities resulting from accidents, such as spilling paint on someone's carpet or someone slipping on the floor. While liability insurance coverage extends to property damage and medical bills for other people injured as a result of an at-fault accident, it does not cover the losses of the person who caused the accident. It is important to understand what is covered by each component of liability coverage so that you can make an informed decision when selecting an auto insurance policy. Bodily injury coverage pays for medical expenses, lost wages, pain and suffering, and other damages incurred by another person due to an accident caused by you or another driver listed on your policy.

Property damage coverage pays for repairs or replacement of another person's property due to an accident caused by you or another driver listed on your policy. When selecting a policy, it is important to consider how much coverage you need. The more coverage you have, the more protection you will have in case of an accident. It is also important to consider how much you can afford to pay out of pocket if something were to happen. Having adequate liability coverage can help protect your assets in case of an accident.

Gertraude Jackel
Gertraude Jackel

Avid food trailblazer. Unapologetic pop culture geek. Extreme twitter maven. Devoted beer trailblazer. Infuriatingly humble twitter scholar.