Auto Insurance Coverage Limits
If your liability limits are for 255025 this correlates to 25000 of bodily injury coverage per person injured in an accident 50000 of total bodily injury coverage per accident and 25000 for the property damages.
Auto insurance coverage limits. How coverage limits work. 100000 per person 300000 per accident. This is no place for cheap auto insurance. You can get additional coverage with a personal umbrella or personal excess liability policy.
Car insurance coverage limits are maximum amounts of money that your car insurance will pay out if you make a claim. Helps protect your assets from lawsuits. 50000 bodily injury liability per accident. 50000 uninsuredunderinsured motorist coverage per accident 14 25000 bodily injury or death per person.
If you have a million dollar house you could lose it in a lawsuit if your insurance coverage is insufficient. 10000 personal injury protection 16. Because states regulations differ and because you may have unique circumstances you may need more or less coverage than. Covers the cost to repair or replace aftermarket equipment like infotainment systems and custom wheels.
Provides additional liability coverage above the limits on your auto policy. Increasing your auto insurance coverage limits will likely increase your premium but thats a small price to pay if it saves you from paying thousands after an accident. For example if the limit on your collision coverage is 20000 that is the most that your policy would pay out for damages to your vehicle after a collision. Checking your coverage limits to make sure youre comfortable with them is a key part of your policy to check.
Through auto coverage limits you can tailor your policy to protect your financial assets and provide you with much needed peace of mind. Insurance experts generally recommended that you purchase 100300 limits of bodily injury liability meaning 100000 for one person in an accident and 300000 for all people injured in one. 10000 property damage liability per accident 15 10000 property damage liability per accident. The limits that you choose are the maximum amount of money per accident that your auto insurance company will pay.
Depending on the state some of these coverage types may be required some may be optional and some may be unavailable. The basics of auto insurance coverage limits below is a list of the different types of auto insurance coverage and some thoughts about coverage limits for each one. Available on any vehicle with collision and comprehensive coverage. 100000 this coverage may be required in your state.