If you’ve ever been in an auto accident, you know how important auto insurance can be. But if you’re on a tight budget, you also know how expensive insurance can be. Luckily, you may have the option of just carrying Liability Insurance Dallas, which can be more affordable than full coverage. Before you choose this route, however, it’s important to understand what liability insurance is, and what the risks are of only carrying liability.
Liability insurance in Dallas falls into two categories: bodily injury liability and property damage liability. With bodily injury coverage, if you cause an accident and someone else gets hurt, your insurance pays for bills associated with any injuries they get. Coverage varies by company and policy, but usually include things like bills associated with emergency aid at the scene, medical expenses, compensation for loss of income, legal defense fees, and funeral expenses.
Property damage liability covers bills associated with damage you cause to someone else’s property. This can include things like the costs involved in repairing structural damage to homes, storefronts or other buildings. It can also pay for repair or replacement of stationary objects, as well as vehicle repair or replacement. Like bodily injury liability coverage, what property damage liability covers varies by company and policy.
It’s important to notice that liability damage only covers bills associated with the damage you cause to another person or his or her property. It does not cover any bills you need paid on your end. So say you cause an accident. If you get hurt, if your vehicle gets damaged, if your property needs replaced, etc – you have to pay all your own costs. This is biggest risk of carrying only liability.
If you decide that only carrying liability insurance is a risk you are willing to take, then you’ll want to get quotes for Liability Insurance Dallas. Al Boenker Insurance Agency of Texas is one example of a website where you can go to get multiple quotes at once, but there are others as well. Compare coverage and costs, and choose the policy that seems best for your situation.
