Most of us don’t have tens of thousands of dollars lying around to pay for damage caused to another person’s vehicle in an automobile accident, let alone their medical bills. But what if we cause an accident on our Raleigh roads? That’s where liability insurance comes in. What does liability insurance cover? How does liability insurance work? What does liability coverage pay for? Do I have to get it for my new car? We’ve got answers to all of those questions for you below. Let’s start with an auto liability insurance definition.
Geico’s auto liability insurance definition is: “Liability coverage pays for property damage and/or injuries to another person caused by an accident in which you’re at fault.” To register a car in Cary or anywhere else in North Carolina, you will need to prove that you carry liability insurance on that vehicle.
What does liability insurance cover? If you’re at fault in an accident, it covers damage caused in that accident. What kind of damage? That falls into two categories.
What kind of damage is covered by liability insurance? What does liability coverage pay for? Here is a breakdown:
Bodily Injury
Property Damage
Liability is usually worked out between the insurance companies of those involved in the accident. If the involved parties are not satisfied with that determination, they may challenge it in court. So, never admit fault at the time of an accident. Exchange insurance information with the other driver, get a police report, and inform your insurance company so that they can handle the rest.
We’re here to help at Hendrick Chevrolet Buick GMC Southpoint, and our finance center can walk you through your insurance requirements. So, if you enjoyed this handy guide on liability insurance, make sure to check out our other tips and tricks. While you’re here, why not check out our new vehicle specials? We’re just down the road from Chapel Hill, so drop by or contact us today!
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