Today, we’ll talk about the liability insurance that you have on your vehicle.
Liability Insurance under Indiana Law
As you know, you’re required by Indiana law to carry liability coverage on your policy. Your liability coverage is the coverage that protects other drivers, other motorists. It even protects any pedestrians you might hit and cause injury or damage to while operating your motor vehicle or your motorcycle.
So you’re required by Indiana law to carry liability coverage in the amount of $25,000 per person and $50,000 per accident for bodily injury coverage. You also must carry coverage of $10,000 per accident for property damage.
These are the minimum amounts that you’re required to carry by Indiana law. They are also the minimum amounts that the other drivers on the road are required to carry.
When you have this amount of coverage, you are considered to be fully insured under Indiana law. However, that’s not what we typically think of when we’re purchasing full coverage insurance.
Talk To Your Insurance Agent
Being fully insured and fully covered are two very different things, and you should talk to your insurance agent about that. Be aware of what the minimum liability limits are, and make sure that you’re carrying enough liability coverage to fully cover you if you should cause an accident.
What You Must Know
After all, here’s what happens if you don’t carry enough insurance to cover all the damage that you could cause to another person or another vehicle. You could be held personally responsible for any amounts over and above the limits of your liability coverage.
That’s the insurance you carry specifically to protect the other motorists and the other people that you could come in contact with.
If you have any questions, you’re welcome to reach out to me. I’ll get on the phone with you, and we’ll talk things through so you fully understand your coverage.
Stay safe out there, enjoy the ride and we’ll talk later.