Recommended Bodily Injury And Property Damage Coverage – You might think that if you have the minimum insurance required by Florida law, you will be covered after a car accident. In fact, without bodily injury liability coverage, you run the risk of being personally responsible for medical bills or other damages resulting from a car accident. Here are some reasons why you should consider adding bodily injury liability coverage to your auto insurance policy.
If you have been involved in an accident and need immediate legal representation, speak to a car accident lawyer now.
Recommended Bodily Injury And Property Damage Coverage
Insurance liability coverage is different from most other insurance policies you may have. Body insurance coverage pays for expenses incurred by other people if you cause an accident while driving.
What Is Liability Insurance Coverage?
Fort Lauderdale has some of the lowest personal injury protection requirements for auto liability insurance in the country. Florida residents only need to have coverage for $10,000. This means that if you are in an accident, your insurance policy will only cover the medical costs up to $10,000 that you incur. In addition to this amount, you must seek compensation from the driver who caused the accident. If you are the driver at fault in the accident, the driver and any passengers in the vehicle may be able to seek compensation from you if your medical expenses exceed $10,000. It’s not hard to see that medical expenses can quickly add up to more than that amount.
Purchasing bodily injury liability coverage protects you not by paying your medical expenses, but by protecting you from medical expenses you may cause to others in an accident. If it is discovered that you caused the accident that resulted in these high medical costs, your bodily injury coverage will protect you from this liability up to the value of your coverage.
In most cases, purchasing bodily injury liability coverage is not required by law. However, if you have been convicted of drunk driving, you must purchase coverage for three years after you get your license back.
If you have had your driver’s license suspended due to too many traffic violation points, you will be required to add coverage to your civil liability for three years. Additionally, if you are involved in a car accident that causes injury or property damage, you may be required to carry bodily injury liability insurance.
Property Damage Liability: How It Works
Finally, if you have been found guilty of driving without car insurance, you may be required to carry bodily injury liability coverage for up to two years.
These conditions help protect the general public from those who engage in unsafe driving practices and are more likely to cause accidents that exceed minimum auto insurance coverages.
Even if you are a very safe driver, a moment of inattention can result in devastating consequences when operating a vehicle. The medical costs associated with a serious accident can easily add up to more than the minimum coverage will offset, and the responsibility lies with you to reimburse those injured in the accident. Purchasing personal injury liability not only protects you against expensive medical claims, but it also ensures that you are able to do the right thing and pay for the damages you caused. For more information about insurance laws and personal injury claims, contact our Fort Lauderdale injury lawyers at Chalik & Chalik today. TGS Insurance » Auto Insurance » 30/60/25 Coverage Explained 30/60/25 Coverage – Understanding Texas Minimum Auto Insurance Requirements
Almost all states require drivers to carry a minimum amount of liability insurance to cover the costs of accidents in which they are at fault. In Texas, these minimum requirements are often called 30/60/25 coverage.
Required Minimum Limits For Umbrella Insurance
Bodily injury liability coverage applies to medical bills and compensation for lost income from people outside your family injured in a car accident where you are found responsible. If other parties sue you, this coverage can also help with your legal fees.
Property Damage Coverage will pay the actual cash value for the replacement or repair of another vehicle and for the replacement or repair of fixed objects such as fences.
The average cost to meet Texas’ minimum auto insurance requirements with 30/60/25 coverage is $526 per year or $44/month. Rates vary between individuals based on a variety of factors, including driver characteristics, vehicle characteristics, coverage options, and location, among others.
While 30/60/25 coverage meets state requirements, it may be too low to fully cover an accident if you are at fault, leaving you on the hook for balance. According to Insurify.com, the most popular car in Texas in 2020 was the Nissan Altima, which had an MSRP of $24,100. If you were to cause an accident and total the car of someone driving a new Altima, your property damage coverage barely covers that MSRP. What if you cause a multi-vehicle accident? Or what if the other driver is driving a new Ford F-150 that starts at $30,000? The reality is that simply meeting the state’s minimum requirements leaves you vulnerable to paying a large amount of money out of pocket if you cause an accident. Not to mention that liability insurance only covers others. Most drivers should consider adding additional coverage beyond what is required by the state.
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In addition to purchasing the minimum required auto insurance in Texas – again, 30/60/25 minimum – you need to keep it on hand and be prepared to show this proof of insurance card when:
Starting September 1, 2013, Texas drivers were allowed to present this proof of insurance through their mobile devices during traffic stops.
Our agents at TGS Insurance Agency are ready to help you find an auto insurance policy that meets your coverage needs at an affordable price. We’ll work with you to find the right type of coverage, then shop your policy among our 35+ A-rated (or better!) partners to find the best market price for your auto insurance policy.
Each driver is unique. Insurance premium costs are impacted by several factors; therefore, we recommend obtaining an individual quote to find out your rates.
What Are The Risks Of Liability Only Auto Insurance?
Our data is representative of internal, publicly sourced, quality data, but should not be construed as linkable. The best personal injury liability car insurance is from Geico, Progressive, and USAA. Bodily injury liability auto insurance is coverage that pays for injuries you cause to others in a car accident and is required in most states. In addition to bodily injury coverage, liability insurance policies also include property damage coverage, which pays for repairs to other people’s vehicles and general property damage.
The rates listed above are based on the average cost of auto insurance policies that meet state minimum requirements. Exact rates vary between states and drivers.
Best Bodily Injury Liability Insurance Companies Best Bodily Injury Liability Insurance by State How to Get the Best Bodily Injury Liability Insurance Video: Best Bodily Injury Liability Insurance Methodology
The best bodily injury liability auto insurance is offered by Geico, based on its combination of low premiums and an editor rating of 4.5 out of 5. In addition to affordable policies, Geico has an easy claims process, a strong track record of customer service and a variety of coverage options for customers in all 50 states to choose from.
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Progressive’s bodily injury liability pricing is competitive compared to other national insurers and has earned an editor rating of 4.3 out of 5. Customers can also qualify for a variety of discounts to reduce their premium, as well as purchase other types of policies besides your auto insurance, such as home and life insurance.
USAA insurance is only available to military personnel, veterans and their families. But for those who qualify, the company is one of the most affordable options on the market for bodily injury liability insurance. In addition to competitive pricing, USAA offers a variety of coverage options for auto insurance customers, including accident forgiveness and extra passenger protection.
Travelers is a great overall option for drivers looking for affordable liability insurance, and it earned an editor rating of 3.8 out of 5. The company offers several discounts, an easy online claims process, and great coverage options for customers who are also looking for other types of insurance. safe. Additionally, Travelers has generally positive customer reviews.
Esurance offers some of the most affordable bodily injury liability insurance, making it a good choice for drivers looking for cheap coverage. However, the company sells policies exclusively online, without agents, and has a particularly high volume of customer complaints compared to competitors.
What Is The Difference Between Bodily Injury And Personal Injury Car Insurance?
The quotes above reflect each state’s minimum coverage requirements, which may include personal injury protection, uninsured/underinsured motorist insurance or medical payments coverage, and liability insurance for bodily injury and property damage. For more information on these quotes, see the methodology section below.
You should compare quotes from at least three different insurers before purchasing a policy to find the best deal. Even after you purchase coverage, it’s a good idea to research again when it’s time to renew your policy.
The best limits for bodily injury liability insurance are equal to the total value of your assets, including the value of your home and personal savings. It is usually
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