0
The Bodily Injury policy limits dictate how much coverage there is for the car in case of an accident that causes medical injuries. If the other party has $15K/$30K that means they have $15K in coverage for each person in the car but a maximum of $30K for all passengers. So if there are two people in the car they each have up to $15K to pay their medical bills, damages and pain and suffering. But if the car is full with 4 people then there is a maximum of $30K to cover everyone's medical bills, damages and pain and suffering.
The better policies have $100K/$300K which usually is enough to cover all damages.
If there are a lot of injuries and medical bills and $15K is not enough to cover them all then your uninsured motorist provision in your own policy can cover the excess. The uninsured policy has coverage built in for "UNDERINSURED" accidents when the driver at fault's policy limits are not high enough to cover all of the damages. Once you settle with the At Fault driver's insurance company and receive a check for policy limits, in this case $15K, then you turn around and submit the same evidence of medical bills and damages and the check from the other insurance company to your insurance company. Depending on the state you are in you will be able to recover the balance that was unpaid from your own company. This underinsured claim will only work if your uninsured policy limits are higher than the other driver's limits. For example, if the other driver's limit is $25K and your uninsured limit is $100K and your medical bills are $100K then you could get up to $75K if you are in CA but if you are in NV you get up to $100K.
There is also property damage coverage to pay for repairs, loss of use of the car while it is being repaired (rental car bills) and any property that was damaged during the accident (sunglasses, cell phone, clothing).
Add your answer:
Earn +20 pts
Does liability insurance get you money for a car if your car is totaled?
The other parties liability should if it was their fault. Your liability should cover the vehicle you damaged.
What if both parties only have liability insurance after a car accident?
If you were at fault, your insurance co will cover the damages to the other vehicle ONLY, not your....and vise virsa.
Does diamond car insurance cover the loss of jewelry?
No, diamond car insurance don't cover the loss of jewerly. They cover different kind of insurance like car insurance, home insurance and travel insurance.
Will your flood insurance cover your car in the driveway?
No, Flood insurance will not cover your Automobile. Your Comprehensive Auto Insurance will cover flood damage to your Car.
Will homeowners insurance cover car that caught on fire in driveway?
I think your car insurance will cover that.
What if you are injured as a passenger in a car with no insurance?
If the driver of the car you were in was at fault and had no insurance you are out of luck. your only recourse if to sue the person who you were driving with to recover damages. If your driver was not at fault but had no insurance the other parties insurance would have to cover your damages. The lesson is not to ride with people who do not carry auto insurance, ever.
Does car insurance cover suicide?
Does vehicle insurance cover suicides
Does my insurance cover a friend driving my car?
yes because if you have insurance on your car as long as you name is on the title and you were in the car with your friend most likely the insurance will cover it
Will homeowners insurance cover a wrecked car?
NO, That's what car insurance is for.
If you have comprehensive car insurance it covers?
It covers, you, your car and third parties car!
What if someone is driving your car and they get into an accident and do not have car insurance?
Do you have car insurance? Yours will cover it. Your friend if he is a true friend, will cover the deductible.
Will my own car insurance cover a rental car?
Your own car insurance will only cover a rental car in some cases. It will depend on your current insurance plan. Either way, you can take out insurance for the rental car.
