When you’re shopping for car insurance, you may be wondering which types of liability are the most common. In this blog post, we will explore the top five liability types and what they mean for you and your car. From slip and fall accidents to carjackings and more, read on to learn more about what you need to know in order to get the best car insurance possible.
Uninsured/Underinsured Motorist (UM)
Uninsured/underinsured motorist (UM) liability is one of the most common car insurance liabilities. When you’re involved in a car accident with an uninsured or underinsured motorist, your policy may cover costs associated with the claim, such as medical bills, property damage, and even personal injury damages.
If you’re involved in a car accident with an UM, make sure to get all of the information from the other driver. This includes their contact information, vehicle information, and insurance information. If possible, try to take pictures or video of the accident scene. This will help with your case if you file a claim.
If you’re involved in a car accident and the other driver doesn’t have insurance or their insurance doesn’t cover them for what they’ve done, consider filing a personal injury lawsuit. A lawyer can help assess your case and determine whether it’s worth filing suit.
Negligent Driving
Most people know that driving without a valid driver’s license is illegal, but many drivers don’t realize that driving without insurance can also lead to fines and other legal repercussions. Here are the three most common car insurance liabilities:
1. No-Fault Insurance: In most states, if you’re involved in a car accident without insurance, the at-fault party (the person who caused the collision) is responsible for your damages. This means that even if you’re not at fault, your insurer may still have to pay out on your behalf.
2. Personal Injury Protection (PIP): PIP covers medical expenses and lost wages related to an accident, regardless of whether you have insurance or not. If you’re injured in a car accident and don’t have PIP, your health care costs could quickly mount.
3. Uninsured Motorist Coverage: If someone gets into your car and doesn’t have any form of liability insurance, this will likely be covered by your own policy. Whether or not you wind up paying for the damages isn’t always clear – it depends on the terms of your policy – but it’s a good idea to have uninsured motorist coverage just in case.
Collision Repair & Liability
Incarceration, medical bills and vehicle damage are three of the most common car insurance liabilities. When accidents happen, it can be tough to know who is at fault. To help you resolve any disputes and protect your rights, here are the three most common car insurance liabilities:
1. Injury & Accident Claims: If someone is injured in a car accident, they may file an injury claim with their car insurance company. The company will then investigate the accident and determine who was at fault. If you’re found responsible for causing the accident, you may be liable for costs such as medical expenses, lost wages and pain and suffering.
2. Deductible & Collision Damage: Many car insurance policies have a deductible that customers must pay before the company will start paying out on claims. This means that if you’re injured in an accident, you may have to bear some of the costs yourself before the insurance company takes any action. In addition, if your vehicle is damaged in an accident, you may be required to pay for repairs even if you don’t suffer any injuries.
3. At-Fault Requirements: In order for your car insurance policy to cover damages caused by you in a crash, the at-fault driver must have been driving without due care and attention. This means that if someone else causes your car to crash by running a red light or driving drunk, your policy won’t likely cover those damages.
Comprehensive Coverage
There are a number of potential car insurance liabilities that can arise in an accident. These include injuries to other drivers and passengers, property damage, and uninsured/underinsured motorist (UM) coverage. Each situation is different, so it’s important to get a complete understanding of your possible exposures before making a decision about whether to file a claim.
Injuries To Other Drivers and Passengers
This is the main area where car insurance companies can be held liable. If you injure another driver or passenger in an accident, the company may be required to pay for their medical expenses and lost wages. In some cases, the company may also be liable for pain and suffering damages.
Property Damage
If your car crashes into someone else’s property, the owner may be able to sue you for damages. This could include costs for repairing or replacing damaged property, as well as lost revenue from sales of replacement items.
Uninsured/Underinsured Motorist Coverage
If you’re involved in an accident with an uninsured or underinsured motorist, your car insurance company may be required to cover any resulting damage. This coverage can protect you financially if you end up losing your vehicle or suffer serious injuries in the crash.
How to Reduce Your Car Insurance premiums
The most common car insurance liabilities are injuries to others, property damage, and driving under the influence. There are a few ways to reduce your car insurance premiums:
1. Pay on time – Car insurance companies penalize drivers who pay late, so make sure to get your payments in on time each month. Most insurance companies also offer discounts for paying early.
2. Insure your vehicle – Make sure you have full coverage on your car insurance policy, including bodily injury liability, property damage liability, and collision coverage. This will help protect you financially in the event of an accident.
3. Get a discount – Ask your car insurance company how much you can save by getting a discount on your policy. Many companies offer discounts for buying multiple years of coverage in advance or for having a good driving record.
4. Drive defensively – Avoid accidents by driving defensively and obeying all traffic laws. This will minimize the chances of being involved in an accident and reduce your car insurance premiums accordingly.