 |
Auto Liability Insurance
|
Having the right auto liability insurance is very important. Of course, we all know that it is NEVER our fault! :)
Seriously, though, there are two main types of auto insurance liability. The first is what we will cover here, and is known as Bodily Injury Liability Coverage.
The second type of liability car insurance is property damage liability which will cover you if you "accidentally" do damage to someone else's property.
Bodily Injury Auto Liability Insurance
This type of liability car insurance will generally also pay for your legal defense if you are sued as a result of an accident.
In addition, you will be covered for claims for pain and suffering, lost wages, or other damages.
Although we never anticipate having a serious accident, you want to be sure you carry enough liability insurance to cover you in that event.
You certainly don't want to take the chance of losing your house or other valuable assets on top of having the trauma of your accident.
How Much Bodily Injury Auto Insurance Liability Should You Get?
Although a minimum is required, you can raise your coverage for the amount you feel necessary in order to reasonably protect your assets.
It is generally considered a good idea to have about $100,000 of bodily injury insurance per person.
I realize that seems a bit excessive, but have you seen the cost of hospital bills these days? Absurd!
Don't forget, bodily injury is just one half of your auto insurance liability requirements. You also need to consider your property damage liability. Be sure to keep yourself covered.
Return from Auto Liability Insurance to Auto Insurance Coverage
Return to Auto Insurance Helper Homepage
