What you should do if this happens to you!
|
| Ways to save on your auto insurance |
|
Shop around and compare prices. A list of companies can be found in your local yellow pages of your phone book.
Maintain a good driving record.
Take the highest deductible the insurance will allow for collision and comprehensive coverage. A higher deductible will lower your premium.
More ways to save!
|
|
|
 |
Bodily Injury Settlements
The term bodily injury means physical injury to the person of a Third Party. This includes sickness, disease, pain and suffering, emotional distress, loss of income and even death.
Bodily injury liability coverage covers other people's bodily injuries or death for which you are responsible. It also provides for a legal defense if another party in the accident files a lawsuit against you. Claims for bodily injury may be for such things as medical bills, loss of income or pain and suffering. Bodily injury liability covers injury to people, not your vehicle or animals. Bodily Injury Liability does not cover you or other people on your policy. It is mandatory in most states.
You could be putting yourself at risk financially, if you select limits that are too low. For example, if either you or a driver covered by your policy cause a serious injury where damages exceed your limits, you will be held responsible for the amount above and beyond your limits. Meaning, you could be forced to liquidate property, savings, and other assets, or your future earnings could be attached. By purchasing liability limits to account for both your current assets and future net worth, you can help protect yourself against this risk.
Example - If your policy carries a bodily injury coverage limit of 15/30, your policy would cover injured parties up to a maximum $15,000 per person and up to a maximum of $30,000 per accident. If you are found to be at fault for an accident and there are a total of 6 injured people, and their injuries are worth $10,000 each, your bodily injury coverage of 15/30 would not be adequate to compensate all parties involved and they could sue you by going after your assests. That's why it is always important for you to review your policy declarations page and keep communication open with your agent.
|
|
More Information:
How long does it take to settle a claim?
Putting a value on a claim
Structured settlements
In 2005, there were nearly 6,420,000 auto accidents in the United States.
About 115 people die every day in vehicle crashes in the United States, estimating one death every 13 minutes.
Motor vehicle crashes are the leading cause of death for U.S. teens, accounting for 36% of all deaths in this age group.
California leads the nation in traffic fatalities. More than 4,000 sustain serious injuries, such as quadriplegia, paraplegia, brain injuries, and spinal cord injuries.
|
|
Insurance Resources
|
