The liability auto insurance is called the affordable coverage because it is the minimum limit that one has to purchase. Although this will cover expenses incurred for damages to another person, this does not compensate the insured for any damage that is sustained as a result of an accident where they are at fault.
Today, all the states have made it mandatory for all owners/drivers of automobile to carry the minimum of at least a liability policy. However, in order to clarify issues, most states have different requirements of the minimum limits of auto liability that must be in force at all times while a vehicle is being operated. This is also know as financial responsibility and is used to cover the damages caused to the other person due to the fault insured. Limits are not fixed nationally and each state has its own limits one should make themselves aware of what is required before they compare car insurance quotes and companies.
The liability coverage is usually divided into two parts: Bodily injury (BI) and property damage (PD). The limits of are prescribed as follows:
A. Specified limit in case of bodily injury to one person in an accident.
B. Specified limit of in case of two or all people with bodily injury in an accident.
C. Specified limit of coverage for property damage caused by the insured.
However, in order to get payments, the owner/driver of the vehicle must be legally held at fault for causing accident.
Although by obtaining the bare minimum is the way to get the cheapest auto insurance rates, consumer should be aware that cover the injury or damages caused to the person insured. In order to cover one’s own injury or damage of property, one has to buy additional protection. Some of the additional options available are comprehensive and collision policies.
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