What is Covered Under a Basic Auto Policy?
The first step in shopping for a car insurance policy is to understand the parts that make up a typical Personal Auto Insurance policy. A basic auto insurance policy usually includes six coverages (or parts). • Bodily Injury Liability. Bodily Injury Liability pays for injuries that the covered drivers, cause to someone else. In Illinois the minimum limits are $20,000 per person and $40,000 total Bodily Injury per accident. In Indiana the limits are $25,000 per person and $50,000 total Bodily Injury per accident. It’s critical that you carry enough liability insurance, because if you find your self the cause of a serious accident, you could be sued for a significant amount of money. Medical bills arising from a serious accident, particularly if several people are hurt, will certainly exceed the basic mandatory limits. Please remember, you can be held responsible for damages in excess of your policy limits. Yes they can take your home or other assets. It is for this reason that people of
