What Does Liability Insurance Cover?

January 18th, 2019 by

Couple signing car documents 5023329

Auto liability insurance, required by law in most states, is an insurance plan that covers bodily injury and property damage. Although these are two separate areas of coverage, they are packaged together because they are both required. With liability insurance, you are covered from injuries to other people or property damage if you are at fault. What does it pay for, and why is it important to your Brockton drive? Find out how it can protect you and your new Honda vehicle at Silko Honda!

Liability Insurance: How Does It Work?

Liability insurance covers both bodily injury and property damage, but each can have their own separate limits. Although there are state-set minimums on how much you have to cover, you are also allowed to set your own limits. Liability insurance covers the following:

Property Damage:

  • Vehicle damage
  • General property damage (house, personal property, etc.)
  • Pets
  • Repair expenses
  • Necessary part replacement

Bodily Injury:

  • Funeral expenses in the event of a fatal accident
  • Rehab
  • Pain and suffering
  • Lost earnings
  • Medical and hospital bills
  • Any long-term nursing care that may be needed
One of the most important aspects of liability insurance is coverage for the victim of an accident.

Liability Coverage Limits

When you’re setting up your plan with a Taunton agent, coverage limits will be a crucial part of the conversation. Limits can be split or set as a combined total. What are the differences?

  • Single Limit: When you opt for a single limit, there is no total limit per person. Instead, the lump sum will be spread across all injured parties and damaged property.
  • Split Limit: A split limit will allow you to select individual maximums for bodily injury payments per person, for all people injured, and for property damage.

Learn More at Silko Honda

For more information, take the trip from Fall River% to Silko Honda! Buying a new vehicle can be overwhelming, so be sure to rely on the finance experts at Silko Honda to help guide you through the process, from picking a vehicle to deciding if gap insurance is the right fit. While you are here, be sure to explore the many new and pre-owned vehicles in our inventory so you can get the best vehicle for your driving needs. Contact us for help answering any questions!

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