Presently the minimum legal insurance coverage that you must have to drive a vehicle in Indiana is $25,000 for bodily injury per person, $50,000 for bodily injury per accident and $25,000 for property damage.
Scenario: You are involved in an auto accident and the other driver is injured and taken away in an ambulance. It is determined that you were the at fault driver. You only have the state’s minimum coverage.
Q: What if that person’s medical bills are $75,000?
A: The injured person would hire a lawyer and sue you for the remaining $50,000 in medical expenses.
Did you know?
Your auto insurance bodily injury liability coverage can protect you when you are in an at-fault accident where the other driver is injured. These expenses often include:
- Ambulance Rides
- EMT Expenses
- Emergency Room Charges
- Doctors Bills
- Hospital Stays
- Rehabilitation and Physical Therapy
- Lost Wages
- Pain and Suffering
- Lawyer Expenses
- Any other expense that can be associated with the accident
Q: I don’t own anything and I don’t have any money, so what do I have to lose by choosing the state’s minimum coverage?
A: A law suit that results in a judgement against you can lead to garnished wages; liens placed on real estate and fixed assets that you own now and into the future.
RESOLUTION: Don’t settle for low liability limits on your auto insurance. The difference in premium between the state’s minimum coverage and an acceptable coverage amount is often very small. The insurance companies love to sell the state’s minimum coverage because they know they will never have any large pay outs and they still get your money each month.
For an auto insurance quote that will actually protect you call Bragg Insurance at 317-758-5828 or visit our website at http://www.bragginsurance.com