1.What is the average cost of bodily injury coverage in auto insurance?
Bodily Injury Coverage in Auto Insurance
Auto insurance can be confusing and overwhelming, particularly when deciding what coverage to choose. One of the most important coverages included in auto insurance policies is bodily injury coverage.
What is Bodily Injury Coverage?
Bodily injury coverage protects you financially if someone injures themselves while in an accident that you caused. It typically pays out to the injured person, but not to your own passengers. If there’s more than one other driver involved, each may be able to make a claim under your bodily injury coverage.
What is Covered?
Bodily injury coverage usually pays out for:
- Medical costs: It pays for medical costs to treat injuries sustained in the accident. This includes doctor’s visits, hospital stays, medications, physical therapy, and any ambulance costs.
- Lost wages: If someone is unable to work due to the accident, their lost wages may be covered by bodily injury insurance.
- Pain and suffering: Some policies include coverage for pain and suffering, and may pay an additional lump sum depending on the severity of the injury.
Limits
Bodily injury coverage typically has a limit per person, as well as a limit for several people injured in the same accident. The coverage available and limits vary between different policies and insurance companies, so make sure to read the policy documents thoroughly.
If you’re considering purchasing auto insurance, make sure the policy includes sufficient bodily injury coverage. It’s always better to be safe than sorry should an accident occur. With sufficient coverage, you can be sure that you and the injured parties are protected financially.