possible to have a single liability limit that covers everything. One important thing to keep in mind when looking at limits is that the minimum set by most states sometimes isn’t enough
to cover the actual damage. If that happens, you’ll be required to pay the difference out of pocket. This is why I strongly urge my clients to get more than minimum coverage. The general recommendation is $100,000 for bodily injury and $300,000 per accident.
PRO TIP: COVER YOUR BUTT I’m repeating this here because it’s absolutely crucial: Ensure your policy covers more than the minimum liability requirement so you can avoid having to pay damages out-of-pocket.
Medical payments coverage covers you and your family if you’re in a car, on a bike, or are a pedestrian hit by a car. This helps you and your passengers with medical payments, dental care, and funeral costs. This coverage is required in some states but not others. One thing to think about when weighing the option is if you have health insurance and long-term disability insurance. If you do, you’ll already be covered in an accident. However, I wouldn’t recommend going with the lowest limit required by your state. While health insurance can cover any costs over and above the limits on the policy, if need be, the policy would be priority in that situation and it’s not always a guarantee the health insurance or long-term disability will pick up the remainder. The other kind of medical insurance is personal injury protection (PIP) . It’s also called no-fault insurance. PIP is required in no-fault states; in fact, these are the only states where
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