Liability Limits

An explanation of what liability coverage is, and what it does, as part of your car insurance.

Insurance
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Liability Limits

Created 2 years ago

Duration 0:06:53
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An explanation of what liability coverage is, and what it does, as part of your car insurance.
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Tags: Insurance
  1. What Liability Coverage Do I Need?

    Slide 1 - What Liability Coverage Do I Need?

    • IMPORTANT
  2. What does it mean?

    Slide 2 - What does it mean?

    • Liability Coverage:
    • Required By Law:
    • Proof of Insurance
    • Protects Others:
    • Damage
    • When You Are At Fault:
    • Witnesses
    • Or Police Report
  3. Bodily Injury / Multiple Injuries / Property Damage

    Slide 3 - Bodily Injury / Multiple Injuries / Property Damage

    • 100 / 300 / 50
    • Bodily Injury
    • Injury to
    • one
    • person, hospital & medical bills
    • Lost work/wages, legal fees, rehabilitation
    • Multiple Injuries
    • Multiple Injuries to more than one person in one or more vehicles
    • Multiple missed wages & lawsuits
    • Property Damage
    • Damage to personal and State property
    • Lawsuits
    • Legal Defense Costs
    • Legal Defense
    • Anything damaged in an accident that you do not own
    • Other persons vehicle repair or replacement, street signs, curb or wall damage
    • Up to 3 people
    • No more than single bodily injury per person
    • Disability
  4. Average Liability Loss

    Slide 4 - Average Liability Loss

  5. Pay $87,000 Cash

    Slide 5 - Pay $87,000 Cash

    • Wage Garnishment
    • Sell Assets
    • Bankruptcy
    • What Now?
    • Liability Coverage Protects
    • Your Money & Investments
    • Your Income
    • Your Assets
    • Your Credit
    • Your Financial Well-Being
  6. High Coverage = Less Risk

    Slide 6 - High Coverage = Less Risk

    • You Owe $0
  7. There is not one perfect amount of liability coverage to protect yourself from financial burden.  However, understanding common losses caused by an accident should urge an insured to have high liability limits.  Here is some information about common issues caused by an auto accident.

    Slide 7 - There is not one perfect amount of liability coverage to protect yourself from financial burden.  However, understanding common losses caused by an accident should urge an insured to have high liability limits.  Here is some information about common issues caused by an auto accident.

    • Want to maximize your liability protection? Watch our Umbrella Policy video now