Cheep Vehicle Insurance, What is Liability Auto Insurance
When you cause an auto accident, you will be held accountable for injuries or property damage resulting from that accident. Liability insurance is the most commonly required type of car insurance throughout the various states. However, even in the rare state that does not require liability car insurance, you may find that having liability insurance is worth the financial security.
Costs of injuries and property damage can be expensive. In fact, they can be so expensive that they are generally well out of the average person’s budget. If you are unable to pay, you risk losing your assets, such as your home, in lawsuits. The best way to protect yourself from huge financial losses after an accident is by having liability insurance.
* Bodily injury coverage: pays for injuries suffered by others in an accident you caused.
* Property damage coverage: pays for damage you cause to another person’s property (typically their vehicle) in an accident.