Car Insurance Liability limits
#1
Rootbeeraholic
Thread Starter
Joined: Aug 2009
Location: Houston, Tx
Posts: 2,280
Car Insurance Liability limits
So, I've searched and couldn't see this discussion anywhere...
What do you guys have in terms of liability cover for your car insurance? I had a scary conversation today where I was told I should have $1,000,000+
I can tell you right now, I don't.
So, is this a scaremongering tactic, or should I really be looking at coverage to this amount? I was told it's really there for if you get sued...
On a side note, I've been looking at trying to get a better rate recently and submitted an online quote, then got a follow up email from an agent suggesting I use one of their other brands and providing me with a quote that was pretty close to double the quote I was given online... What's THAT about?! Needless to say they got a rather short and irate email back from me pretty much saying what were you thinking?
What do you guys have in terms of liability cover for your car insurance? I had a scary conversation today where I was told I should have $1,000,000+
I can tell you right now, I don't.
So, is this a scaremongering tactic, or should I really be looking at coverage to this amount? I was told it's really there for if you get sued...
On a side note, I've been looking at trying to get a better rate recently and submitted an online quote, then got a follow up email from an agent suggesting I use one of their other brands and providing me with a quote that was pretty close to double the quote I was given online... What's THAT about?! Needless to say they got a rather short and irate email back from me pretty much saying what were you thinking?
#2
Re: Car Insurance Liability limits
$1M liability is about right, anything less isn't worth bothering with.
You smash into someone and cripple them, their medical care would kill that liability alone, never mind pain and suffering.
And yes, it is about you getting sued, because that is what would happen.
You smash into someone and cripple them, their medical care would kill that liability alone, never mind pain and suffering.
And yes, it is about you getting sued, because that is what would happen.
#3
Rootbeeraholic
Thread Starter
Joined: Aug 2009
Location: Houston, Tx
Posts: 2,280
Re: Car Insurance Liability limits
So why isn't this the standard option. I had a look at Geico earlier, and they didn't even offer a choice for anything above $300k...
#4
Just Joined
Joined: Apr 2012
Posts: 14
Re: Car Insurance Liability limits
This is interesting. I currently have a quote from AIG and I got these
Bodily Injury $100/300,000 ** Per Person/Per Accident
Property Damage $100,000 Each Accident
Medical Payments $5,000
Uninsured Motorist BI $100/300,000 Per person/Accident
Other than Collision $500 Deductible
Collision $500 Deductible w/ waiver
Towing & Labor $75.00 Per Disablement
Extended Transportation $50 Per Day / Maximum $1,500
is there anything else we should be looking at? also shouldnt there be legal fees coverage as well?
Bodily Injury $100/300,000 ** Per Person/Per Accident
Property Damage $100,000 Each Accident
Medical Payments $5,000
Uninsured Motorist BI $100/300,000 Per person/Accident
Other than Collision $500 Deductible
Collision $500 Deductible w/ waiver
Towing & Labor $75.00 Per Disablement
Extended Transportation $50 Per Day / Maximum $1,500
is there anything else we should be looking at? also shouldnt there be legal fees coverage as well?
Last edited by mhynne; Jul 17th 2012 at 9:44 pm.
#5
Rootbeeraholic
Thread Starter
Joined: Aug 2009
Location: Houston, Tx
Posts: 2,280
Re: Car Insurance Liability limits
This is interesting. I currently have a quote from AIG and I got these
Bodily Injury $100/300,000 ** Per Person/Per Accident
Property Damage $100,000 Each Accident
Medical Payments $5,000
Uninsured Motorist BI $100/300,000 Per person/Accident
Other than Collision $500 Deductible
Collision $500 Deductible w/ waiver
Towing & Labor $75.00 Per Disablement
Extended Transportation $50 Per Day / Maximum $1,500
is there anything else we should be looking at? also shouldnt there be legal fees coverage as well?
Bodily Injury $100/300,000 ** Per Person/Per Accident
Property Damage $100,000 Each Accident
Medical Payments $5,000
Uninsured Motorist BI $100/300,000 Per person/Accident
Other than Collision $500 Deductible
Collision $500 Deductible w/ waiver
Towing & Labor $75.00 Per Disablement
Extended Transportation $50 Per Day / Maximum $1,500
is there anything else we should be looking at? also shouldnt there be legal fees coverage as well?
It's interesting as your limits look similar to mine and I did not see an option to go above $300k.
#6
Re: Car Insurance Liability limits
Because they expect people who don't have anything to lose to probably go with whatever the state minimum might be.
#7
Lost in BE Cyberspace
Joined: Jan 2008
Posts: 41,518
Re: Car Insurance Liability limits
I have:
Bodily injury $100,000 each person $300,000 each accident
Property damage $100,000 each accident
Uninsured motorists $50,000/$100,000
Deductible $500.
Bodily injury $100,000 each person $300,000 each accident
Property damage $100,000 each accident
Uninsured motorists $50,000/$100,000
Deductible $500.
#12
Re: Car Insurance Liability limits
Here's mine, sorry for the caps I copied and pasted:
BODILY INJURY & PROPERTY DAMAGE LIABILITY
BI $250,007 EACH PERSON - $500,007 EACH ACCIDENT
PROPERTY DAMAGE LIABILITY - $100,007 EACH ACCIDENT
COMPREHENSIVE ACV LESS $499 DEDUCTIBLE
COLLISION ACV LESS $499 DEDUCTIBLE
RENTAL REIMBURSEMENT UP TO $30/DAY FOR MAX OF 30 DAYS
UNINSURED/UNDERINSURED MOTORIST BODILY INJURY
$250,007 EACH PERSON -$500,007 EACH ACCIDENT
UM/UIM PROPERTY DAMAGE $100,007/ACCIDENT
$250 DEDUCTIBLE APPLIES TO PROPERTY DAMAGE
PERSONAL INJURY PROTECTION $5,003 EACH PERSON/EACH ACCIDENT
ROADSIDE ASSISTANCE
BODILY INJURY & PROPERTY DAMAGE LIABILITY
BI $250,007 EACH PERSON - $500,007 EACH ACCIDENT
PROPERTY DAMAGE LIABILITY - $100,007 EACH ACCIDENT
COMPREHENSIVE ACV LESS $499 DEDUCTIBLE
COLLISION ACV LESS $499 DEDUCTIBLE
RENTAL REIMBURSEMENT UP TO $30/DAY FOR MAX OF 30 DAYS
UNINSURED/UNDERINSURED MOTORIST BODILY INJURY
$250,007 EACH PERSON -$500,007 EACH ACCIDENT
UM/UIM PROPERTY DAMAGE $100,007/ACCIDENT
$250 DEDUCTIBLE APPLIES TO PROPERTY DAMAGE
PERSONAL INJURY PROTECTION $5,003 EACH PERSON/EACH ACCIDENT
ROADSIDE ASSISTANCE