Bodily injury (BI) and property damage (PD) liability coverage are two of the most important aspects of your car insurance policy.
This type of coverage is what helps you pay for the medical expenses and damaged property you're responsible for after an at-fault accident and can even cover legal defense if sued for further damages.
With this being so important, Joyce, Jackman & Bell Insurors would like to take a moment to cover some liability coverage facts to keep our fellow Pennsylvanians from ever experiencing financial distress in the wake of an accident.
Quick coverage facts
- Pays for others' injuries and property repairs after an at-fault accident
- The limits you select can raise or lower your premium
- Legally required in most states
- It doesn't cover your OWN damages, medical, or expense.
- To financially protect these, consider comprehensive and collision coverage for auto, and homeowners/renters for property.
- Every state (except New Hampshire) has a 3-tiered system for their minimum liability coverage limits. For example: a figure such as 25/50/25:
- The first number (25) is the amount in thousands the at-fault driver's insurer will pay for injury-related expenses per person
- The second number (50) is the total amount in thousands the insurer will pay for injury-related expenses per accident
- The third number (25) is the amount in thousands the insurer will pay for property damage per accident.
- Some states have the option of choosing a combined single limit for the total amount covered per accident, rather than 3 separate limits.
- When purchasing your liability coverage, you're only obligated to meet your state's minimum limit requirements. In Pennsylvania:
Bodily Injury to Others: $15,000 per person / $30,000 per accident
Damage to Someone Else's Property: $5,000 per accident
- Rule of thumb is to get as much liability insurance as you can comfortably afford as the states minimums is just the baseline and not necessarily all one would need.
- The slight premium cost increase for higher car insurance limits can be well worth the peace of mind they provide.
As always Joyce, Jackman & Bell Insurors are here to help with figuring out what your limits should be. Contact us anytime!