Bodily injury coverage can help pay for medical expenses and funeral costs to somebody who is hurt in an accident you cause. Bodily injury coverage does not pay for your own injuries. Additionally, bodily injury coverage can help pay for long-term nursing care, lost income from time off work, and “pain and suffering.”
Bodily injury coverage consists of the following: Limit per person – The maximum amount your insurance will pay out for bodily injury to a single person in a car accident.
Limit per accident – The total maximum amount your insurance will pay out for bodily injury if multiple people are hurt in a car accident.
Basic auto insurance is broken down into three figures. For the California state minimum those numbers are 15/30/5. That means policyholders have bodily injury coverage for $10,000 with one claim, $20,000 worth of coverage for multiple claims with the same accident, and $5,000 for any property damage caused by the at-fault driver.
According to a 2013 report by Rocky Mountain Insurance Information Institute (www.rmiia.org). the average auto liability claim for bodily injury was $15,443. That means you would be on the hook for about $500 if there was only one injury. Two injuries with minimum coverage will take $1,000 out of your pocket. Remember this is an average. In our whiplash society filled with personal injury lawyers happy to exploit what they hope is a lawsuit lotto.
The best way to insure you have the correct coverage is to speak with your insurance professional. He/she has a wealth of resources available to bring you the best protection for you at a price you can afford.