How Does Auto Liability Insurance Work?

Video Transcript

"You've just been in a car accident and you are trying to figure out how the limits work on your policy. My name is James with The Resurgence Group. We are a full service insurance agency and we specialize in auto insurance. If you have a chance the first thing that I would suggest is call your agent or call your carrier and ask them about the different types of limits and liability coverages that you have and have them explain it to you. You can look at that policy and you'll see whether you have got comprehensive or you've got collision, bodily injury, property damage, uninsured motorists, these are all different types of limits that you have coverage for in the event of an accident. It is a little bit hard to understand both. When you get a professional such as your insurance agent involved they can specifically answer any questions that you currently have with regards to those liability limits but it is very simple. If you have a policy then you can look at what is called the policy deck page and they'll tell you exactly how much you have as far as the liability, typically 10/20 if anyone has heard of that. That is $10,000 on the bodily injury, $20,000 on the property. They you can go up to 100 or 300 or you can go with what is called 500. You can go up to one million dollars of what is called combined single limit and that is a tremendous amount of coverage. You will pay a little bit of a premium for that but at least you know you will have the right amount of coverage in the event of an accident. Many people these days are trying to save money and they go with just the 10/20 which we don't really suggest because then when you need it you are not going to have the proper amount of coverage and anything above those limits that is your out of pocket expense if you have damage whether it be bodily injury or property is going to be assessed to you personally. My name is James. I'm with The Resurgence Group and we strongly suggest that you speak with an agent especially when it comes to the policy limits because you want to make sure that you have the proper coverage when you need it the most when you have that accident."