What Does Liability Insurance Cover?

How Does Liability Insurance Work?

While liability insurance serves as the umbrella under which bodily injury and property damage remain, each component comes with individual limits. Certain states set minimum limits, but Montgomery-area drivers also have the option to adjust their limits based on what makes them comfortable. In order to set these limits, take note of what liability insurance covers:

• Bodily Injury
  • Medical and hospital bills
  • Any long-term nursing care that may be needed
  • Rehab
  • Funeral expenses in the event of a fatal accident
  • Lost earnings
  • Pain and suffering
• Property Damage
  • Vehicle damage
  • Repair expenses
  • Necessary part replacement
  • General property damage (house, personal property, etc.)
  • Pets

Remember: liability coverage is meant for victims of accidents, not for the driver at fault. And in order to protect yourself financially in the event of an accident, you’ll want to set proper limits on your liability coverage.

Liability Coverage Limits

As you explore your liability insurance options, consider your two options: splitting limits or maintaining a single limit. Here’s the difference:

• With a split limit, Yorkville-area drivers can select individual maximums for property damage, all people injured, and bodily injury payments per person.
• With a single limit, a lump sum will be spread across the costs of all those injured and all property damaged.

Secure Insurance Coverage with River View Ford!

When you purchase a new Ford or a used vehicle, there’s certainly more to consider than your financing options. You must also account for auto insurance, making sure to follow state guidelines and selecting the appropriate coverage for your needs. Have any questions? Get in touch with River View Ford near Naperville for more information!