Auto insurance is required for all drivers. If you drive a car legally, you’ve got an auto policy. But many people simply have basic auto coverage, or the minimum coverage that is required by the state. This varies by state, but typically, it often provides $25,000 per person and $50,000 total for the entire incident, including accidents involving multiple vehicles.
What Does Liability Insurance Cover?
If you are involved in an accident and found to be at fault, but don’t have liability coverage, you will be responsible to pay for any damage done to the other driver’s vehicle and any medical expenses if he or she is injured and requires medical treatment or a hospital stay. You will need to pay out of pocket for these expenses. Liability insurance coverage will pay some or all of these expenses, so the burden of a large expense does not fall on you. This is why it’s so important to have this coverage within your auto policy.
Additionally, if you are found at fault and the damaged vehicle involved is a brand new, expensive car, you may be put out for thousands of dollars, as you will need to cover the entire cost of the vehicle. This can easily land you in debt and unable to pay your bills.
Fortunately, there is an easy way to avoid all of the hassle. If you know you have minimal coverage, upgrade it today. Or if you’re not sure what your policy covers, take the time and ask the right questions, then work with your agent to ensure that it meets your protection needs.
Get the Details on Your Auto Coverage
Don’t wait until you’re standing in front of a damaged vehicle to make sure you’ve got the auto policy that protects you and your finances. Your agent is here to help you and ensure that your auto, home and life policies offer the right amount of protection and work with your lifestyle. Give their office a call today, or stop by to sit down and go over coverage details. You’ll be glad you did!