Bodily Injury Liability Protection (BIL)
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Bodily injury liability protection covers the costs of bodily injuries or death to other people, for which the insured driver is responsible. It will also provide for the costs of legal defense if another party in the accident files a lawsuit against you.
Some of the types of claims that bodily injury liability coverage would cover might include such things as medical bills, loss of income or pain and suffering. In the event of a serious accident, it is important to have enough insurance to cover any judgment that might result from a lawsuit, so that your personal assets can remain safe and secure.
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How BIL Works
Bodily injury liability protection will cover the costs of injury to people, not damages to your vehicle. Therefore, it's a good idea (and usually a company requirement) to have the same level of coverage for all of your cars.
It will generally not cover the costs of injury to you or other people on your auto insurance policy. The level of coverage is limited to the terms and conditions contained in the policy. In most states, this coverage is mandatory.
Dual coverage limits refer to the maximum amounts that will be paid per person, per incident, respectively. It is important to keep certain things in mind when selecting your bodily injury liability protection limits. If the limits you choose are too low, you could put your finances at an unnecessary risk. If you, or a driver covered by your policy, cause a serious injury, and the costs exceed your coverage amounts, you will have to pay for the amount above your limits.
In order to come up with that money, you could be forced by a court to sell property or cash in savings and other assets. Your future earnings could even be jeopardized. If you purchase higher BIL coverage limits to account for both your current assets and future net worth, you can help protect yourself against this risk.
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