There's two sides to insurance, whats gets paid if it's your fault, and what gets paid if it's someone else's fault. I want to protect my assets if it is my fault against getting sued for everything. I also want to protect my assets if someone else causes damage that has the potential to bankrupt me.
Bodily Injury Liability - This is if you cause the accident. If there are 4 ppl in the car, max payout per person is 12.5k. You can be sued for the difference if you have assets in excess.
$25,000 per person/$50,000 per occurrence
Property Damage Liability - This is if you cause the accident. This won't cover a tesla or a beemer or most new cars. You can be sued for the difference if you have assets in excess.
$25,000 per occurrence
Uninsured Motorist Bodily Injury - This is if they cause the accident. If you and your mom are in the car, the max insurance will pay to save both your lives is 50K. You can sue if your costs are greater, but if they didn't have enough money to get proper insurance, do they have additional assets?
$25,000 per person/$50,000 per occurrence
Uninsured Motorist Property Damage. This is if they cause the accident. Your car is worth 6k, so you're ok here, unless you carry 19k worth of stuff in your car.
$25,000 per occurrence
Comprehensive - Anything happens to your car, you pay 2.5K to get it fixed (think tree limb crushing, robbery w/ broken windows).
Deductible: $2,500
Collision - In an accident that's your fault, you can pay 2.5k to repair damage to your car.
Deductible: $2,500
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