Typically, leasing companies require $ 100,000 of
bodily injury liability coverage per person and $ 300,000 per accident, as well as $ 50,000 in property damage liability insurance.
All drivers are expected to have at least $ 25,000
of bodily injury liability coverage for accidents involving just one person, and at least $ 50,000 for accidents that have multiple victims.
Considering the average hospital stay after an accident is around $ 60,000 it is probably a good idea to have a good amount of
bodily injury liability coverage on your policy.
Insurance companies typically allow you to purchase a maximum of $ 300,000 in
bodily injury liability coverage with a vehicle insurance policy, although some companies offer up to $ 500,000.
This minimum coverage must include at least $ 10,000 per person and $ 20,000 per accident
in bodily injury liability coverage, as well as at least $ 20,000 in property damage liability.
Insurance companies typically allow you to purchase a maximum of $ 300,000 in
bodily injury liability coverage with a vehicle insurance policy, although some companies offer up to $ 500,000.
You must carry a minimum of $ 25,000 worth of
bodily injury liability coverage for one injured person per accident, $ 50,000 for two or more injured people per accident, and $ 25,000 worth of property liability per accident.
Bodily injury liability coverage protects you as a driver from the cost of paying for the other driver's medical care, rehabilitation, funeral expenses, and other associated costs resulting from injury or death in a car accident for which you are at fault.
For example, minimum
bodily injury liability coverage requirements range from $ 30,000 in Arizona [36] to $ 100,000 in Alaska and Maine, [37] while minimum property damage liability requirements range from $ 5,000 to $ 25,000 in most states.
Phrases with «bodily injury liability coverage»