How
much bodily injury liability coverage should you get?
Not exact matches
PA
bodily injury per accident
liability insurance works in
much the same way as the per person
coverage, except that it is set aside for accidents involving more than one injured victim.
In pretty
much every state, you need two types of
liability coverage:
bodily injury and property damage.
Within
bodily injury liability coverage, there are limits as to how
much can be paid out.
Property Damage
Liability insurance works
much like the above
Bodily Injury
Liability coverage — except it covers property, such as the other cars in the accident, and not people and their
injuries.
Of course, the amount of
coverage you need besides the mandatory
bodily injury liability is very
much a personal choice and depends on the car you drive, your annual mileage, your location, and the number of dependents you have.
Insurance experts say it's smart to carry
much higher
coverage to protect yourself: 100/300 limits for
bodily injury liability coverage ($ 100,000 per person / $ 300,000 for all people injured in one accident.)
Most Alaskans purchase higher limits of
bodily injury liability of $ 100,000 per person and $ 300,000 for two or more people in a given accident, but this ultimately depends on how
much coverage you need.
Colorado actually requires insurance companies to offer you this
coverage in amounts equal to what you select for
bodily injury liability, so it's worth asking your insurer about your options for adding it — it might not raise your premium by as
much as you think.
It is invariably a good idea to purchase as
much bodily injury / property damage
liability coverage as you can afford to fully insure your business against potential claims.
Policies with only what the state requires for
bodily injury and property damage
liability protection cost significantly less than those with
much higher limits of
coverage.
With so
much traffic flowing across the state every day, lawmakers have mandated that every driver have minimum
coverage of $ 20,000 for personal
injury protection, $ 40,000 for
bodily injury liability and $ 5,000 for property damage
liability.