State-Mandated Third Party Liability Coverage

Arizona Law mandates the purchase of liability insurance to cover bodily injury and property damages that you may cause in an accident. The minimum liability insurance required is 15/30/10.  This means that your liability insurance will cover bodily injury claims up to a maximum of $15,000 per person and a total of $30,000 per accident.  It also covers up to $10,000 worth of property damage that you may have caused. These limits are the most your coverage will pay, regardless of the number of people who are injured and the extent of their claims.

Bodily Injury – This form of liability coverage protects you against claims for medical expenses, lost wages, and pain and suffering that you may have caused (or for which you are legally responsible or liable) to others due to an automobile accident. Your insurance company will cover damages up to the limits of your policy. Bodily injury coverage will notpay for your own medical expenses, lost wages, and pain and suffering from any accident.

Property damage – Liability insurance for property damage covers the expenses you causewhen your car damages someone else’s property. Usually it is the other person’s car, but it could be a fence, a house or any other property damaged in an accident. It is a good idea to purchase enough insurance to cover the amount of damage you might cause to another vehicle or object.

If you cause a car accident in Arizona and do not have enough insurance coverage, a court may order you to compensate the people you hurt in the accident out of your own pocket. Todetermine how much bodily injury coverage you should buy, you ought to first determine how much coverage you can afford and then weigh how much of your assets you would be willing to lose or how much of your income you are willing to have garnished if you happen to cause a serious accident. If you opt to purchase the state mandatory minimum bodily injury liability limits, which are $15,000 for the injury to a single person and $30,000 in total for all injuries sustained in a single accident, it is likely that you will not be adequately covered in the case of a serious accident. We encourage all drivers to obtain appropriate limits, which will depend on your individual circumstances. Knowing you have adequate coverage can give you peace of mind if you are involved in a serious accident.

If are concerned or unsure about the level of your car insurance coverage,  contact Pak & Moring for a consultation to make sure that your auto insurance coverage is appropriate for your family’s needs.

(Please note: while informative, these posts are not intended to be formal legal advice and should not be solely relied on as a primary basis for legal action.)

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