Here is an excerpt from a new blog post at GreggMarcus.com:
When driving a vehicle, one might ponder the question, how much auto
insurance liability is enough? There is a wide array of auto insurance
policies, providers, and liabilities. It is up to you to be informed
about your auto insurance policy and all that it provides to you. In
this article, Long Island Insurance Executive Gregg S. Marcus seeks to inform about the different auto insurance liabilities that are out in the market today.
Although each state in the U.S. requires some degree of car
insurance, the type of policy available varies by state. New York State
goes by two essential and required forms of auto liability
insurance—bodily injury insurance and property damage insurance. Now of
course these two forms of liability insurance can be divided in many
ways. This is based on whether the bodily injury is non-fatal or fatal
and how severe the property damage is. Non-fatal bodily injury
insurance provides coverage for the medical expense of the opposing
car—that is, if you caused the accident. This type of liability does
not necessarily provide coverage for your medical expenses, so it may be
broken up into two areas. These two areas are divided up based on the
bodily injury itself, thus providing coverage for one injured individual
per accident. This liability policy will provide coverage for medical
expenses, lost money, pain, and long-term care. The amount of people
that are covered by the policy will be listed so that in case of an
accident, you are aware of the medical coverage available to you.
To view this post in its entirety, click here to visit the Gregg S. Marcus official website.
