Auto Liability Insurance
More than 200 million drivers get behind the wheel each day in the United States. They intend to arrive at their destinations safely, but accidents happen. If you are found responsible for an auto accident, you may also be responsible for the related costs, including medical bills, auto repairs or any physical property damage. Auto liability insurance can reduce and sometimes even eliminate your financial obligations associated with the accident.
What Is Auto Liability Insurance?
Auto liability insurance is designed to help protect against damages or injuries incurred by third parties if you cause an accident. It is a standard component of auto insurance policies and is a required coverage to carry in most states, including Vermont.
What Does Auto Liability Insurance Cover?
Auto liability insurance can help cover costs that you may be liable for following an accident. There are two types of coverage: bodily injury liability coverage and property damage liability coverage.
· Bodily injury liability coverage can help pay if you hurt other people in an accident that’s your fault. Coverage typically includes medical expenses, recovery treatments and lost wages if someone can’t work while they’re recovering. It also may cover funeral costs after a fatal accident.
· Property damage liability coverage can pay for the damage you cause to vehicles or other property when you’re at fault for an accident. This coverage may also cover the replacement cost of items in the vehicle.
Auto liability coverage may also cover lawyers’ bills or court fees if you’re sued after an accident. This coverage typically pays up to the maximum amount specified in your policy or limits. If accident damage surpasses your limits, you’re usually responsible for the remaining amount. Jaimes L. Fewer Agency Inc. can review your current insurance to ensure you have adequate coverage.
Do You Need Auto Liability Insurance?
Most states, including Vermont, require drivers to carry minimum levels of auto liability coverage. Some states may require additional types of coverage. You’re only required to have the insurance your state mandates. However, many drivers choose higher limits for added financial protection since vehicle repairs and medical bills are expensive.
What Is the Cost of Auto Liability Coverage?
The cost of an auto liability policy depends on many things, including how much coverage you choose. A policy can be customized to your needs, and we can find appropriate coverage based on your requirements.
Is Additional Insurance Good to Have?
Auto liability coverage is essential for financial protection, but it may not pay all your medical bills or vehicle repairs. This coverage only pays others for damage you cause in an accident. You may want to purchase additional insurance, such as health insurance and collision insurance. Our agency can help you look at other insurance that may be beneficial to have.
How We Can Help
Jaimes L. Fewer Agency Inc. serves the Vermont area. We can help you explore your insurance options, including auto liability coverage. Call us today at 802-476-5050 to get started.