Car accidents can happen anytime and anywhere. Unfortunately, they can cause severe injuries, which can lead to expensive medical bills and lost wages. That’s where bodily injury limits come in. Bodily injury limits are a type of car insurance coverage that can protect you financially if you’re involved in an accident where someone else is injured. In this article, we’ll discuss what bodily injury limits are and why you need them.
What are bodily injury limits?
Bodily injury limits are a type of car insurance coverage that pays for the medical expenses of people injured in an accident where you’re at fault. This coverage can also pay for lost wages, pain and suffering, and other damages that the injured party may experience. Bodily injury limits are typically expressed as two numbers, such as 50/100 or 100/300. The first number represents the maximum amount paid per person for bodily injury damages, while the second number represents the maximum amount paid per accident.
Why do you need bodily injury limits?
You need bodily injury limits to protect yourself financially in case you’re involved in a car accident where someone else is injured. If you’re found at fault for the accident, you could be held liable for the injured party’s medical expenses, lost wages, and other damages. Without bodily injury limits, you could be responsible for paying these expenses out of pocket, which could be a significant financial burden.
How much bodily injury coverage do you need?
The amount of bodily injury coverage you need depends on your individual circumstances. In general, it’s recommended that you have at least $100,000 in bodily injury coverage per person and $300,000 per accident. However, if you have significant assets, you may want to consider increasing your coverage to protect yourself from potential lawsuits.
What happens if you don’t have bodily injury coverage?
If you don’t have bodily injury coverage and you’re involved in an accident where someone else is injured, you could be held personally liable for their medical expenses, lost wages, and other damages. This could result in financial ruin and even bankruptcy.
What are the benefits of having bodily injury coverage?
The benefits of having bodily injury coverage include peace of mind knowing that you’re financially protected in case of an accident, as well as protection from potential lawsuits. Bodily injury coverage can also help you avoid financial ruin and bankruptcy if you’re found liable for someone else’s injuries.
How can you get bodily injury coverage?
You can get bodily injury coverage by purchasing car insurance from a reputable insurance company. When shopping for car insurance, make sure to compare policies and prices to find the best coverage for your individual needs.
What are some things to consider when choosing bodily injury coverage?
When choosing bodily injury coverage, there are several things to consider. These include your individual circumstances, such as your assets and income, as well as the amount of coverage you can afford. You should also consider the reputation and financial stability of the insurance company you’re purchasing coverage from.
Can you change your bodily injury coverage?
Yes, you can change your bodily injury coverage at any time. If you feel that you need more coverage, you can increase your limits. However, increasing your coverage may result in higher premiums.
Conclusion
In conclusion, bodily injury limits are an essential type of car insurance coverage that can protect you financially in case you’re involved in an accident where someone else is injured. Without bodily injury coverage, you could be responsible for paying significant medical expenses and damages out of pocket, which could be a significant financial burden. When choosing bodily injury coverage, it’s important to consider your individual circumstances and compare policies and prices to find the best coverage for your needs.