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Bodily injury liability insurance does not protect you or your car directly. Third-party bodily injury liability insurance protects you if you are the cause of an accident in which other people are injured. This insurance protects you against their claims for damages, such as medical expenses, lost wages and pain and suffering. This insurance coverage also will pay if a member of your family living with you caused the accident or if it was caused by a person using your car with your consent.
Bodily injury liability insurance carries specific benefit limits that address how much money your insurance company is committed to pay for any one victim injured in an accident and limit the amount the company must pay for multiple victims.
To make a smart consumer purchase, you must understand these limits for bodily injury liability insurance. As noted above, Nevada law requires that you carry limits of $15,000 for bodily injury or death of each person injured in an accident and $30,000 for bodily injury or death of all persons injured in an accident.
You may decide to purchase additional coverage. This decision may be based on your desire to protect your assets from claims beyond the minimum amounts. The extra cost of higher coverage tends to be relatively low.
Property damage liability insurance pays for damage you cause to the property of others, such as a crushed fender, broken glass or a damaged wall or fence. Your insurance will pay for this damage whether you are driving your automobile or it is being driven by another person with your consent. Nevada law requires you to carry $10,000 for damage to the property of others. You may decide to purchase additional coverage.
The policy liability limits also may extend to include a trailer that is designed to be pulled behind a private passenger vehicle, pickup or van.
Uninsured/underinsured motorist coverage protects you directly. This coverage pays if you are injured by a hit-and-run driver, a driver who does not have auto insurance (uninsured) or a driver whose policy limits are not high enough to cover your injuries (underinsured). This coverage does not protect the other driver, and it does not cover damage to your vehicle.
Nevada law requires your insurance company to offer you uninsured/underinsured motorist coverage in an amount not less than your minimum limits of liability insurance for bodily injury. You do not have to purchase this coverage, or you may elect to purchase limits lower than your bodily injury limits of liability, but you will be required to sign a waiver indicating your decision. Nevada law does not require that you carry uninsured/underinsured motorist coverage.
You may purchase higher limits of liability inexpensively under a personal umbrella policy. An umbrella policy provides broad liability protection over and above your auto policy’s liability limits. It can be written to include other insurance policies, such as your homeowners, recreational vehicles or other personal lines of insurance. It also will cover some exposures to loss that are not covered by your auto or homeowners policies.
Bodily injury liability insurance carries specific benefit limits that address how much money your insurance company is committed to pay for any one victim injured in an accident and limit the amount the company must pay for multiple victims.
To make a smart consumer purchase, you must understand these limits for bodily injury liability insurance. As noted above, Nevada law requires that you carry limits of $15,000 for bodily injury or death of each person injured in an accident and $30,000 for bodily injury or death of all persons injured in an accident.
You may decide to purchase additional coverage. This decision may be based on your desire to protect your assets from claims beyond the minimum amounts. The extra cost of higher coverage tends to be relatively low.
Property damage liability insurance pays for damage you cause to the property of others, such as a crushed fender, broken glass or a damaged wall or fence. Your insurance will pay for this damage whether you are driving your automobile or it is being driven by another person with your consent. Nevada law requires you to carry $10,000 for damage to the property of others. You may decide to purchase additional coverage.
The policy liability limits also may extend to include a trailer that is designed to be pulled behind a private passenger vehicle, pickup or van.
Uninsured/underinsured motorist coverage protects you directly. This coverage pays if you are injured by a hit-and-run driver, a driver who does not have auto insurance (uninsured) or a driver whose policy limits are not high enough to cover your injuries (underinsured). This coverage does not protect the other driver, and it does not cover damage to your vehicle.
Nevada law requires your insurance company to offer you uninsured/underinsured motorist coverage in an amount not less than your minimum limits of liability insurance for bodily injury. You do not have to purchase this coverage, or you may elect to purchase limits lower than your bodily injury limits of liability, but you will be required to sign a waiver indicating your decision. Nevada law does not require that you carry uninsured/underinsured motorist coverage.
You may purchase higher limits of liability inexpensively under a personal umbrella policy. An umbrella policy provides broad liability protection over and above your auto policy’s liability limits. It can be written to include other insurance policies, such as your homeowners, recreational vehicles or other personal lines of insurance. It also will cover some exposures to loss that are not covered by your auto or homeowners policies.
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