Buying a new or used car can be a great challenge. Once you achieve it, you will need to continue learning and liability car insurance is one of the things you may need to get information about. No doubt the list is endless, but the more you learn about the full coverage premium, the disadvantages of minimum coverage, or State minimum car insurance requirements, the better.
Liability car insurance is the liability coverage included in your car insurance policy which will pay for any injuries you may cause another person*. It will also pay for any property damage. So, if you have an accident and you are at fault, it will cover the cost of the damage or injuries.
How many types of liability car insurance are there?
In general, there are just two types. They are usually referred to as bodily injury and property damage. Imagine your break does not work and you hit another car that is parked in the street.
There is no damage caused to any person, but your liability car insurance will cover the expenses of any property damage you may have caused. Otherwise, you would have to pay from your savings the cost of the damage and perhaps a fine if it is compulsory to have liability car insurance where you live.
In the event of having an accident if you are at fault, liability coverage will cover the medical expenses if you hurt someone through bodily injury coverage.
What does liability car insurance often include?
By now, you already know that it includes bodily injury and property damage coverage. However, you may want to see examples of what this sort of coverage offers.
- it can cover the expenses to repair the other driver’s car if damaged
- Sometimes it may offer a rental car to the other driver while they get it serviced
- Often, drivers damage fences, buildings, and other structures, so they may be covered
- If you just hit a car with property inside and you damaged it, it may also be covered e.g. a Laptop or smartphone
- prescriptions and medical bills
- any lost wages due to the accident
- suffering and pain
- some legal fees
*This means liability car insurance doesn’t cover damage to your property or any injuries you may sustain