Car Insurance Liability is a coverage that is considered to be very important for protection. Meanwhile, in this topic, Bodily injury and property damage liability coverage is there to provide compensation for injuries inflicted on others and for damages done to the property of another person if the accident was caused by you.
Car Insurance Liability
It is certainly required in every other state except New Hampshire for drivers to have a valid degree of liability coverage. With car insurance liability there are financial provisions for drivers that intentionally or unintentionally harm someone else or their property in a car accident.
What is Liability Car Insurance?
Liability car insurance is actually referred to be a car insurance policy that offers protection on finances for a driver that harms either a person or property while making use of a vehicle. Going further, getting auto liability coverage only offers coverage for injuries or damages to third parties and their property and not actually to the property of the driver.
Components of Liability Car Insurance
Liability car insurance is a policy that consists of some components, which include bodily injury liability and property damage liability. Well, these components will be listed and explained below for you to read through and get more understanding.
Bodily Injury Liability:
Bodily Injury Liability is an insurance liability component whereby if an individual is responsible for a car accident, bodily injury liability coverage pays for the medical costs of the people who are injured except you. Going further, the component lends a helping hand to cover payment for legal defense in the event you are used for damages.
Property Damage Liability:
In simple terms or words actually, Property damage liability coverage is part of a car insurance policy. Moreso, you need to know that the liability component helps to pay to repair the damage that was caused by you to another person’s vehicle or property and is certainly needed by law in most states.
Meanwhile, if there is a situation where you are responsible for an accident intentionally or not the property damage coverage takes care of the cost of repairing or replacing another person’s property.
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Liability Car Insurance Coverage Limits
One important thing that you need to know is that liability car insurance has dollar limits in each of its components, but it all depends on the coverage level that you selected when purchasing the policy. Moreso these limits that are available will be listed below for you to have more understanding.
Liability Limit for Property Damage:
The liability limit for Property damage is actually referred to as the highest or maximum amount of coverage for damages that have already been done to the property. Moreover, you also need to know that any available cost that is higher than the limit has eventually become the responsibility of the at-fault driver.
Liability Limit for Bodily Injury Per Person:
The liability limit for bodily injury damage means the limit per person which is the maximum or highest amount that the insurance company will pay or cover for each person that was injured due to the accident that occurred.
Liability Limit for Bodily Injury per Accident:
Actually, the liability limit per accident is seen as a financial cap for the whole amount that the insurance company you applied for policy from will provide for all the people that are involved in that accident. Moreover, for more understanding of the policy in question will provide coverage on medical expenses for those that are injured in an accident by the at-fault driver, but only up to a predetermined total.
Gong further, during this process the at-fault driver will actually be liable for any medical expenses above that limit.
What does Car Insurance Liability Cover?
Let’s say for instance you are in a situation where you are found responsible for causing damages due to an accident that occurred. Then due to the coverage, the limit payment you selected will be paid and it can also offer protection for a legal defense if you’re sued.
Well, liability coverage usually offers payment for both the damages you caused to the other person’s property and the bodily injury inflicted on others due to the cause of the accident. However, below are some of the expenses or coverage that are among the types of damages that will certainly be considered.
- Pain and suffering.
- Hospital and medical bills.
- Lost wages.
- Rehabilitation services.
- In-home healthcare services.
These are the things that car insurance liability covers.
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Frequently Asked Questions
This section of the article will provide some of the frequent questions that have been asked about Car Insurance Liability for you to have more understanding.
What does car insurance cover on a car?
Liability coverage is actually an important insurance protection. Meanwhile, bodily injury and property damage liability coverages provide compensation for injuries, and for the damage, your vehicle does to another person’s property if you cause an accident.
What are the three (3) types of car insurance coverage?
There are actually three types of insurance coverage and they include liability coverage, Collision coverage, and comprehensive coverage.
What is liability-only coverage?
Liability insurance covers the cost of injuries to others and damage you cause in an accident. Moreover, liability-only insurance does not cover damage to your own car or injury to yourself only to others for which you are legally liable.