Bodily Injury (BI) and Property Damage Liability (PD) coverage are the most important aspects of your auto insurance policy. If you are involved in an accident that was your fault, then Property Damage Liability pays for the damage caused to the other car. It also covers you if the other person files a lawsuit against you. In case the person concerned is injured then Bodily Injury pays for their medical expenses for their physical injuries.
Bodily Injury - What it covers:
This insurance policy is meant to cover for medical expenses of the person injured in accident because of your fault. This policy covers for lost income from time off work, long term nursing care and any legal lawsuits filed against you. However, there is an exception to this policy which states that this policy will not cover for damages caused by accident intentionally. Therefore, a policy should be clearly read to see what aspects are covered in case you are involved in an accident.
Bodily Injury Coverage is required in most states for people who own cars and minimum required limits are controlled and managed by each state.
Property Damage Liability – What it covers:
When you damage other person's property and damage their properties, PD helps pays for all the expenses thus incurred. Any damages, fixtures and repairs involved, damages to property like fence, house, and vehicles are covered under this policy. If the person who suffered damages to their property has filed lawsuit against you PD covers that as well.
Most states require an auto owner to have some form of liability insurance and property liability insurance ensures all the damages caused by you are covered.
Amount of coverage needed:
The amount of coverage that is needed depends on each individual and also the fact how much you want to protect your income and assets. BI has two bodily injury limits namely, limit per person pays for only one person involved in accident and limit per accident pays for medical expenses when multiple people are injured in the car accident. For Bodily Injury, it is important to buy the highest bodily injury liability coverage limit that you can afford. If the insurance amount is not sufficient to pay for the damages then you are putting your assets at risk. PD covers damages and repairs of damaged vehicles and damaged Property like fence, house etc.
Insurance policies can protect you from a lot of problems that are unseen until you find yourself in an accident. we, at Shawn Camp Insurance Agency Inc, are an independent insurance agency in Texas specializing in auto insurance. We have flexible insurance policies to fit each and every budget. For more information on our insurance policies, call at (254) 526-0535
