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What Does Liability Insurance Cover?
There are a few types of insurance that are required by law. Liability insurance is one of them. Auto liability insurance is a two-fold plan that covers bodily injury and property damage. While these are separate, they are both legally required. So, what does liability insurance cover for your San Bernardino and Redlands drives? This mainly covers expenses from injuries to other people or property damages if you are at fault. Take a closer look at what liability insurance coverage pays for and more with our finance team today!
How Does Liability Insurance Work?
The first thing you’ll need to do is set limits. While both bodily injury and property damage fall into overall liability coverage, each can have their own limits. There are minimum limits set by the state, but you can still set additional limits based on how much you’re comfortable with. Liability insurance covers:
Bodily Injury
- Medical and hospital bills
- Any long-term nursing care that may be needed
- Funeral expenses in the event of a fatal accident
- Rehab
- Pain and suffering
- Lost earnings
Property Damage
- Repair expenses
- Necessary part replacement
- Vehicle damage
- General property damage (house, personal property, etc.)
- Pets
Please note that this coverage is for the victim of the accident, not the driver at fault. It’s also important to set proper limits on your liability coverage that align with how much you’re able to offer.
Liability Coverage Limits
When the time comes to discuss your coverage plan with your agent, you’ll have to discuss coverage limits. Limits can either be split or housed as a single limit. Here’s how that works:
- A split limit will allow you to select individual maximums for bodily injury payments per person, for all people injured, and all property damage
- With a single limit, there is no total limit per person, the lump sum will simply be spread across all those injured and all property damaged
Learn More About Insurance Coverage at Metro Hyundai
No matter if you’re purchasing a new or used vehicle , you’ll want to go over and understand all available financing and auto insurance options. Our finance experts in Highland can help you make sure you’re following state guidelines as well as selecting the right coverage for you and your needs. Have questions in the meantime or want to learn tips such as what to do after a car accident? Contact our team!