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Kinds of Liability Insurance
By admin | October 21, 2011
There is a liability insurance that pays for bodily injury. By law, you need to have this form of insurance in most states. If someone gets injured in an auto accident, your bodily injuries insurance will cover the lost wages and medical bills. Another kind of insurance is covers property damage. By law, you have to have this form of insurance in most states. If someone’s property is damages in an auto accident, your property damage property insurance could pay to repair the damage. It may also pay for legal bills and settlements if someone sues you for the accident. For example if you purchase bodily injury insurance, you have to choose 2 limits. The first limit will be the amount of insurance the company is willing to cover for each person you harmed within the accident. The second limit is the amount the insurance company is willing to cover for each occurrence. This implies that no matter exactly how many individuals are hurt in the accident the insurance agency will pay only up to that amount.
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