The minimum level of allowable coverage is a basic
auto liability insurance policy, which protects the policy holder from personal financial liability in an at - fault accident.
Drivers are required to
carry auto liability insurance at a minimum, and many motorists also choose to add additional elements to their policies as well.
There may be boat or
auto liability insurance which will cover your injuries, homeowner's insurance or uninsured or underinsured motorist for a major loss which exceeds policy limits.
The act of driving
without auto liability insurance is a misdemeanor in the state, and those who are caught driving without insurance are hit with a mandatory fine of at least $ 150.
A personal umbrella insurance policy can pick up where your homeowners or
auto liability insurance leaves off and help you pay for the remainder of a claim that exceeds their limits.
Business auto liability insurance helps cover the financial responsibility if you or an employee is at fault in an accident and people are injured or their property is damaged.
Auto liability insurance also protects your firm against suits filed by third parties who seek damages for bodily injury or property damage caused by an auto accident.
Most auto liability insurance policies contain three major parts: liability insurance for bodily injury, liability insurance for property damage, and uninsured / underinsured motorist coverage.
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