What Is Bodily Injury Auto Insurance?
What would you do if you injured someone in an accident and they sued you for damages? Knowing what type of bodily injury coverage you need can be essential to prevent financial loss because of an accident.
What Is Bodily Injury Insurance?
If you or someone on your policy causes an accident that results in medical bills, lost wages, or pain and suffering for others, then bodily injury insurance, such as from a insurance company Poulsbo WA, can cover it. This policy can also pay for legal fees you incur if you are sued. This coverage pays for damages and costs in an accident where someone on your policy is liable. Many U.S. states require this type of insurance.
How Does Bodily Injury Insurance Work?
There are several types of bodily injury coverage. In combined single limit coverage, the limit covers any damages, including both bodily injury and property damage. In split limit insurance, your insurer will have individual limits for bodily injury and property damage. “25/100/15” is the format the policy is written, which means $25,000 coverage for each bodily injury claim, $100,000 total for bodily injury claims per accident, and $15,000 coverage for property damage.
How Much Bodily Injury Insurance Coverage Do You Need?
Most basic auto policies cover bodily injury to a certain limit which is listed on your policy. This limit is determined by the amount you normally pay for your auto insurance. Unless you have an umbrella policy, you will be responsible for any bodily injuries and legal damages above the limit of the policy.
If you have a car accident and injure someone, it is important to know what type of bodily injury coverage your vehicle has. You should consult your insurance agent to determine whether you have coverage to prevent overwhelming financial losses.