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Dec 4, 2023 · Oregon. $25,000 bodily injury liability per person $50,000 bodily injury liability per accident $20,000 property damage liability per accident $25,000 uninsured motorist coverage per person ...
May 13, 2024 · The most common minimum requirement is 25/50/25, but most experts recommend limits of at least 50/100/50 for bodily injury and property damage liability ($50,000 per person, $100,000 per accident in bodily injury liability, and $50,000 per accident in property damage liability). Carrying only the minimum limits required can leave you exposed to ...
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What is bodily injury liability coverage?
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Nov 20, 2023 · Bodily injury insurance is combined with property damage to make up the whole of liability coverage. The average cost of liability insurance is $131 per month, according to Compare.com data. The total cost of coverage can vary by the policy limits you choose and other factors, like your driving record and the insurance company you choose.
Jul 29, 2022 · Bodily injury liability coverage (sometimes shortened to BIL) is the part of your car insurance that pays for the other driver’s injuries and medical expenses when you are at fault in an accident. In a split limit policy, like 50/100/25, bodily injury liability is represented by the first two numbers. It protects you financially by paying for ...
- Rachael Brennan
Sep 13, 2023 · If you get bodily injury liability coverage as part of your broader insurance plan (which is often the easiest and most effective approach), you’ll need to at least meet the $750,000 FMCSA coverage minimum. Keep in mind that this is the absolute minimum bodily injury liability coverage you’ll need. In many cases, it makes sense to purchase ...
Jan 2, 2024 · In many states, the minimum bodily injury liability coverage is $25,000 per person and $50,000 per accident in coverage. This means if a driver caused a crash and injured three people, each person ...
5 days ago · Insurers also have a maximum amount they’ll contribute toward property damage. It’s written as the third number in a 50/100/25 policy, with the first two numbers referring to bodily injury coverage (per-person and per-accident limits). In a 50/100/25 policy, the property damage liability coverage cap is $25,000.
