Compensates for the expenses of individuals who are injured if you are responsible for an auto accident. Bodily Injury liability coverage compensates the other party for medical expenses and those expenses associated with an injury claim. Property Damage liability pays to repair or replace the other person’s property/auto.
Liability insurance covers your legal liability when injuries or property damage happen as a result of your actions. The minimum limits of liability that are required by the state $25,000 per person/$50,000 per accident for bodily injury to others and $25,000 for property damage. You will often see the state minimum limits referred to as: 25/50/25.
Medical expenses and the cost of vehicles are on the rise and it is possible that if you are involved in an auto accident, medical expenses and vehicle repair costs could exceed the minimum liability limits. Review coverages available with your agent to ensure that you and your assets are protected to your satisfaction.