Bodily Injury Liability Coverage
Understanding Bodily Injury Liability Coverage: Protecting Yourself and Others.
Bodily Injury Liability Coverage is a type of insurance that helps protect you financially if you are responsible for causing an accident that injures someone else. This coverage helps pay for the other person’s medical expenses, lost wages, and other related costs. It is an important component of your auto insurance policy as it can help protect your assets and savings in case you are sued for causing bodily injury to another person. For example, if you accidentally run a red light and hit another car, injuring the driver, your Bodily Injury Liability Coverage can help cover the injured person’s medical bills and any wages lost as a result of the accident. The coverage typically has two limits: per person and per accident. The per person limit is the maximum amount the insurance company will pay for one person’s injuries, while the per accident limit is the maximum amount they will pay for all injuries in a single accident. It’s important to choose coverage limits that adequately protect you and your assets, as medical expenses and legal costs can be extremely high. Remember, Bodily Injury Liability Coverage only pays for the injuries of others, not your own. To ensure you are adequately protected, it is recommended to consult with an insurance professional and review your policy to understand the coverage and limits provided.