Liability coverage is a fundamental type of auto insurance, and most states require drivers to purchase a minimum level of coverage. Because minimums vary, it can be difficult to understand the requirements, what liability insurance covers, and how much you must purchase to comply with state law. Sun Ray Corp., the most experienced and dependable insurance agency in New York, NY, is a liability insurance expert. Locally owned for over 30 years, this independent insurance company offers the finest customer care and provides invaluable industry advice to individuals and businesses in the Tri-state area.
Liability insurance does not cover your medical expenses or the cost of repairing your own vehicle. It covers others who suffer damage and injury in an accident for which you are at fault. There are two types of automobile liability coverage: bodily injury liability and property damage liability. Each type is discussed below.
Bodily Injury Liability Coverage
Bodily injury liability coverage indemnifies you against the cost of medical treatments for persons injured in an accident for which you are liable. Your insurance company pays all costs up to the limit set by the policy. New York requires you to purchase liability coverage that provides $25,000 in medical payments for each person injured, up to a maximum of $50,000 per accident if multiple parties are injured.
Property Damage Liability Coverage
Property damage liability insurance protects you against the cost of replacing or repairing property damaged in an accident for which you are responsible. New York requires drivers to maintain a minimum of $10,000 in property damage liability insurance. Note that for both types of coverage, you are liable for amounts beyond your agreed limits. You can raise the limits to protect yourself further, but this will increase your monthly premium.
Sun Ray Corp., the premier insurance agency in New York, NY, can help you choose the right amount of liability coverage for your income, lifestyle, and driving habits. For more information, visit them online, or call (212) 732-5280 to speak to a friendly professional about your insurance needs.