Bodily Injury Liability Coverage: You Might Have Heard of it – But What Is It?
Picture this, you’re driving to work. On the way you get into an accident with another car carrying three people. Unfortunately, all three of them are injured. That’s what bodily injury liability coverage if for.
If any of the injured people sues you, your coverage provides for a couple of key things.
1. Your legal defense
2. If you are found responsible, damages up to the policy limit.
Here is another important thing to keep in mind. If you’re found liable for an accident, your net worth could be at risk. The more assets you have, the more coverage you may want.
For additional liability protection, look into getting an umbrella policy.