Thinking About Getting Liability Car Insurance? Here Are A Few Things You Should Know About It
Even the most careful driver sometimes makes mistakes on the road. If your error leads to injury, death, or damage to another person's property, the law allows them to sue you for compensation. These personal injury suits can drain you of your finances within a short time. Fortunately, you can protect yourself by getting liability insurance coverage for your vehicle. Here is everything you should know before getting this insurance product.
What Liability Insurance Covers
If a collision happens because of your negligent or reckless actions as a motorist, the other party might sue you to cover their injuries, damages, and medical costs. Liability insurance will protect you against these lawsuits by covering bodily injury liability. All health bills for everyone injured during the accident fall under this category. The product will also cover any loss of income that might result from injuries from the accident. Also, it will cover property damage, where they pay to repair or replace items wrecked in the accident. It caters to damages to houses, storefronts, fences, and more.
The Extent to Which You Get Insured
This insurance comes with a set of limits. All auto insurers have a cap on the maximum amount they expect to pay once someone claims against you. Understanding these limits helps you know how far they will stretch so you can plan how to cater to the rest. The three common categories of the liability coverage limits include bodily injuries per person, injuries per accident, and the amount of property damage. Most insurers will give you a combined liability limit instead of specific ones for each category.
Items that It Doesn't Cover
Become conversant with the risks that the policy doesn't cover. These include damages to your vehicle and injuries your passengers suffer after an accident. The policy also doesn't cover any costs incurred getting medical treatment for the people involved in the accident. In addition to the insurance, you can get personal injury protection, which will cater to medical expenses for you and your passengers after an incident. You may also consider collision and comprehensive coverage.
Understanding what this insurance covers is the first step toward getting the best protection. You can consult further with an auto insurance service provider and find out the other requirements for the insurance product. It will give you confidence on the road and also ensure that you do not get into legal situations that you do not have the means to resolve.
To learn more, contact an auto insurance company near you.