Auto Insurance Limits Of Liability
Auto liability insurance covers the damage to other vehicles and injuries to other people that result from an accident caused by the insured individual.
Auto insurance limits of liability. 10000 personal injury protection 16. For example ohios minimum limits are written as 255025. Automobile liability insurance only covers injuries or. 100 300 50.
Liability insurance comes with limits that you choose when you begin your policy. Thats why it may be a good idea to increase your auto liability limits above the states minimum requirements by purchasing more coverage. 50000 bodily injury liability per accident. 100 the first number listed is the limit of insurance you have for injury to each person.
Add up all of your property including investments and physical properties like real estate and vehicles. Bodily injury liability which covers medical costs funeral expenses lost income and pain and suffering of people injured. You cannot buy less than your states minimum required by law but you can buy higher liability limits. These limits are also expressed on your personal auto policy numerically as shown below.
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. Automobile insurance liability limits are typically expressed in the following three bracket format. Financial protection for a driver who while operating a vehicle harms someone else or their property. Minimum limits if driver purchases car insurance which is optional 25000 bodily injury liability per person 50000 bodily injury liability per accident 25000 property damage liability per.
State minimums can be around 200 while maximums can be 700. Identify your total net worth. 10000 property damage liability per accident 15 10000 property damage liability per accident. Auto insurance liability limits vary by state.
You are at fault for a crash that injured three people in another car. There are two kinds of liability coverage. Your bodily injury liability limit per person is 50000 and your bodily injury limit per accident is 100000. Since liability insurance is cheap compared to other insurance you should max out your liability insurance.
Per person per occurrence property damage. The minimum liability limits that you can buy vary by state.