Posts Tagged ‘bodily injury liability’

What Does My Car Insurance Cover?

Wednesday, April 18th, 2012

The typical car insurance policy consists of six components: Bodily Injury Liability, Property Damage Liability, Medical, Collision, Comprehensive, Uninsured/Underinsured Motorist Coverage and Extras (like roadside assistance). Of all these, medical payments is most important. God forbid you are involved in an accident, but you want the peace of mind to know that everyone involved can receive affordable, quality care if you are faced with an emergency.

PIP or MedPay?

Most states have a system called “MedPay” that covers any medical expenses for you and your passengers. You are also covered if you are driving someone else’s car (with permission, of course) or if another car collides into you. No matter who is at fault, your MedPay will cover it.

If there is an accident, Personal Injury Protection (PIP) pays for medical expenses, lost wages, funerals, child care and added home maintenance costs for you and your passengers. Sixteen states require that you buy this type of coverage, including: Arkansas, Delaware, Florida, Hawaii, Kansas, Kentucky, Maryland, Massachusetts, Michigan, Minnesota, New Jersey, New York, North Dakota, Oregon, Pennsylvania, and Utah. You can bypass this coverage if you are not in one of these states or buy the bare minimum coverage if you have a good health / disability insurance through your employer or another insurance provider.

What Is Liability Bodily Injury Protection?

Every state (except New Hampshire) requires motorists to carry varying amounts of liability car insurance. This will cover injuries for other motorists, passengers and pedestrians if you are negligent and cause an accident. However, it will not cover your injuries if you are at fault (which is why MedPay/PIP is needed). Pennsylvania, for example, requires you to have a minimum of 15/30/5 liability insurance, which means that — in the event of an accident — you are eligible to receive $15,000 per person to cover bodily injuries with a $30,000 per accident limit (so up to two people covered) and $5,000 to cover vehicle damage.

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Posted in General Car Insurance |

Nebraska Auto Insurance Minimum Requirements

Tuesday, April 26th, 2011

Under state law, Nebraska auto insurance buyers must have a minimum level of protection in place. Since NE is a tort state, third party liability protection must be kept in place for drivers to stay legal.

Bodily injury liability coverage pays for medical bills and lost wages incurred by the occupants of the other vehicle when an accident occurs. The part of the policy also pays out a funeral benefit if the accident results in one or more fatalities. The minimum level of bodily injury coverage required in Nebraska is $25,000 to pay for the injuries and damage incurred by a single victim and $50,000 to pay for the damages of all people injured in the same accident.

Property damage liability insurance coverage is also required in this state. This is the portion of the policy which pays for the cost of repairs to the other driver’s vehicle in an at-fault accident. The minimum amount of this type of protection required under state law is $25,000.

While drivers must buy at least the minimum amount of coverage required by law, limiting the level of coverage to this amount alone may not be enough to protect a driver if the at-fault accident is a serious one. Once the available coverage has been exhausted, the driver will be responsible for paying any additional amount owing personally. To avoid this risk, a better choice is to buy a policy with a higher limit.

 

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Posted in Nebraska, USA |

West Virginia Car Insurance Minimum Requirements

Sunday, December 19th, 2010

West Virginia car insurance buyers must have at least the minimum level of coverage mandated by state law in place to drive legally in the state. All drivers must have third party liability and uninsured and underinsured motorist coverage in place.

Bodily injury liability insurance pays for the medical expenses and lost wages of the occupants of the other vehicle in an accident. It also covers rehabilitation expenses related to the accident.

Property damage liability coverage pays for the cost of repairs to the other driver’s car. It’s also used to repair other property, such as fences, mail boxes, sign posts and light stands.

Uninsured motorist coverage pays for medical bills and related expenses, as well as lost wages, incurred by a driver, his or her family members and any other occupants of his or her vehicle when the at-fault driver does not have insurance or cannot be identified. It also pays out for injuries sustained by pedestrians in a hit and run as well.

Underinsured motorist coverage provides an extra level of protection to people who have been injured in an accident. The at-fault driver’s coverage pays out first (up to the available policy limit). If this amount is not sufficient to fully pay for the damages he or she caused, the underinsured motorist coverage will pay the balance, up to the policy limit chosen by the policyholder.

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Posted in USA, West Virginia |

North Dakota Car Insurance Minimum Requirements

Friday, November 19th, 2010

North Dakota drivers are required to have at least the minimum level of liability coverage mandated by the state in order to drive legally. Third party liability coverage pays for damages you cause when you are involved in an accident, and it pays for medical bills, rehabilitation expenses and lost wages for the occupants of the other vehicle.

The minimum level of bodily injury liability insurance for injuries and damages of one accident victim is $25,000; at least $50,000 in coverage to compensate all victims of an accident. Along with the bodily injury coverage, drivers must purchase at least $25,000 in property damage liability insurance. This coverage pays for the cost of repairing the other driver’s vehicle. It also pays for repairs to property, such as telephone poles, light stands and fences.

While you must buy the minimum level of coverage in order to drive legally, you always have the option of buying a policy with a higher limit. It’s a good idea for you to do so. If you were ever involved in an at-fault accident, your car insurance policy will pay out up to the policy limit only. Any money owing above this amount must be paid by you personally.

When you are considering what level of North Dakota car insurance you need, the best choice is to buy the most coverage you can afford.

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Posted in North Dakota, USA |

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