or damage there vehicle, and is required by law of every driver in California. The two parts of Liability coverage are Bodily Injury and Property Damage. Both are expressed in thousands of dollars. GOTO VA2Here are the minimum limits as required by the state of california. The first number is the per person limit and second is per accident. This means that if I have an accident with this coverage the insurance company will pay a maximum of $15,000 per person up to a total of $30,000 any number of people per accident for bodily injury. The property damage is the second number and indicates how much the company will pay to fix the other person’s car or property. In this case $5,000. This is not a lot of coverage. If I was to hit a pedestrian in the crosswalk this coverage could run out in a hurry and I would be held liable for anything the insurance didn’t cover. Many people with equity in their homes or with other assets will opt for greater coverage such as 100/300/50 as shown below.The second is medical payments. Medical payments pay a flat amount per person for anyone injured in your car regardless of fault. They range from between $500 to $5,000. This amount is not meant to absorb the cost of an injury, but to offset immediate out of pocket expenses such as health insurance deductibles.The third is uninsured and underinsured motorist coverage. This protects you and your passenger in the event you are hit by a driver with no insurance or not enough insurance. The fourth is comprehensive and collision covers damage to your car. Collision pays to fix your car in the event it is damaged in an accident that is your fault. Comprehensive pays in the event of fire, theft, and vandalism or anything collision does not. A deductible will usually apply and is the amount of money you must first pay and the insurance will pay the rest. Deductibles range from $50 to $5000. The higher the deductible, the lower your cost.The fifth is towi...
