What Does Auto Insurance Liability Mean?

Ever wondered what 'liability' truly means when it comes to your auto insurance? This video breaks down this crucial aspect of car insurance, helping you understand its importance and what it covers. Get ready to demystify a key component of protecting yourself on the road. Here's a quick recap of what we covered: ► Auto insurance liability covers damages and injuries you cause to others in an at-fault accident. ► It typically includes both Bodily Injury Liability (medical expenses, lost wages) and Property Damage Liability (repairs to other vehicles or property). ► Understanding liability limits is critical, as they determine the maximum amount your insurer will pay out for a claim. ► While state minimums exist, carrying higher liability coverage offers better financial protection against large claims. #AutoInsuranceLiability, #CarInsurance, #InsuranceTips, #LiabilityCoverage, #FinancialLiteracy