Auto Liability Insurance
Auto Liability Insurance offers you financial protection in the event that the other driver, passengers, or pedestrians are harmed and also can cover you if their vehicle and property are damaged. If you become legally liable as a result of a collision, having this coverage can also help pay for legal defense costs. Auto Liability Insurance is required by state law and each state sets its own minimum standards for how much coverage drivers are required to carry. You have the option to protect yourself beyond the state minimum requirements and it is often smart to do so because medical bills and property damage bills can be very expensive.
Components of Auto Liability:
There are two main components to Auto Liability Insurance: Bodily Injury and Property Damage Liability.
- Bodily Injury Liability helps pay for the costs associated with another person’s injuries, including medical expenses, loss of income and pain and suffering.
- Property Damage Liability takes care of any expenses that arise from damage caused by you to another driver’s vehicle or property. If you’re involved in a serious auto accident, Liability Coverage can benefit you by providing critical protection against the loss of your home, savings, and income.
It’s important to have enough insurance to keep all of your assets protected and not all auto policies are the same. Contact a representative with Lions & Coventry Insurance Services today for more information about what Auto Liability Coverage can do for you.