Auto insurance companies’ offer several different kinds of insurance, and liability is one of them. It is a required coverage for all registered vehicles in forty eight states, with New Hampshire and Wisconsin being the only states that do not require it. Although many drivers never need to use liability coverage, it truly is the kind of insurance that one would be grateful to have in the event of a serious car accident.
The Benefits of Liability Insurance
You may protest a little because of the premium associated with liability insurance, but if it is needed it can really be a life saver. If, for example, a serious accident occurred and left drivers and passengers lying in hospital beds in critical condition, the medical expenses alone could be financially devastating for the responsible party. Liability coverage helps pay medical expenses and can even cover lost wages for the time injured persons are laid up in the hospital or at home recovering.
Out of Pocket Expenses
The amount of money that you would be responsible for paying if you were involved in a serious car accident would depend on three things:
- The amount and subsequent cost of the vehicular damage that was caused,
- The medical costs related to the accident; and
- The deductible amount that was agreed upon.
When shopping for liability coverage, Orange County auto insurance companies can help you determine your state’s coverage requirements, the deductible amount that fits your budget, and any discounts that might help to offset monthly premiums.