property damage liability insurance
What is Car Liability Insurance
We all know that insurance comes in many guises. Car liability insurance pays for any property or bodily damage a person may occur due to you hitting them with your car. To legally be able to drive, you must have at least car liability insurance cover. Different locations have different minimum liability insurance requirements.
The so-called bodily injury liability insurance is in place to cover any injuries that may have been caused by you in an accident. This car liability insurance also covers you and your listed family members when you are driving another person’s car with their permission. But you can buy more than just this type of insurance. In fact, many choose to do so since if you cause a serious accident, you could be sued for a lot of money. You want as much protection as possible in that case.
You would also have to avail of property damage liability insurance. This insurance will cover any property damage caused by an accident of your doing. It includes other cars, buildings, and anything else that may be damaged in an accident, such as telephone poles, lamps, and fences.
Car liability insurance is contrasted by comprehensive insurance, which covers much more. Compared to car liability insurance comprehensive packages include covering the cost of the car if it is stolen or damaged by a fire, hail, vandalism, or anything other than a car collision. Comprehensive insurance is, naturally, more expensive. At the end of the day though, having this insurance in place will afford you all the peace of mind you need.
If I have health insurance, should I not pay for certain coverages on my car insurance?
I have health insurance with HealthNet. For car insurance, there seems to be 3 major items for coverage:
-BODILY INJURY LIABILITY
-PROPERTY DAMAGE LIABILITY
-UNINSURED MOTORIST & UNDERINSURED MOTORIST
I’m under the impression that the third item is health insurance *for me* if I get into an accident. Why do I want that if I am paying for medical insurance anyway? Should I minimize coverage on this item?
Bodily injury liability, is insurance mainly if you are at fault for the accident, it will cover the other driver and all others who were injured for pain and suffereing.
Property damagae liability is insurance for any property damage that is caused by you when you are at fault for a accident. This includes the other motorists car, and other property damaged in the crash. This does not cover your car!
Uninsured and Underinsured motorist insurance is not health insurance for you! It can be in some situations, but you should not think of it that way. It is only used if you are involved in a accident at which you are NOT at FAULT, and the other driver has no insurance, or has too low of insurance to cover your damages. You will get your insurance company to compensate you, and then the insurance company will sue the driver, rather then you having to sue the driver, and wait for a setlement which probably will never come.
If you are at fault this will not help you at all, and you will need some sort of medical insurance. If you are at fault, you must cover your own medical expenses unless you have some sort of medical insurance!
hope that helps
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