Today we are going to talk about liability coverage -- and why you might need to increase yours!

Liability coverage covers injuries or damage to other people or property if you're at fault for an accident. It's part of your auto insurance policy, and is covers two types of damage:
  • Bodily Injury: Covers costs if you cause an accident that injures or even kills another person. Bodily Injury will cover hospital and medical bills, rehabilitation, long-term nursing care, funeral expenses, lost earnings, pain and suffering, and other expenses, up to the limits you select.
  • Property Damage: Pays for the expenses associated with damage to another person's property. Property Damage will cover the expense to repair or replace damaged items, including other vehicles, lamp posts, houses or even a pet, up to the limits you select.
To save money, you might have purchased an insurance policy with low liability coverage. And, this is reasonable: oftentimes, we talk about raising deductibles to save money on monthly premiums.

But, as the chart below illustrates, you might end up costing yourself a lot of extra money in the event of an accident.  And, the chart also  shows, the cost of upping your liability coverage is minimal in relation to the amount of extra coverage you're getting!

Plus, as with all insurance policies, you're paying for peace of mind!

So review your car insurance policy, and consider upping your liability insurance! If you have any questions, our agents are here to help!

Drive safely!

Charts courtesy of Safeco Insurance Company of America.
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