- According to Progressive.com, liability insurance covers two types of damage: bodily injury and property. It is to pay for the damage that you cause to other people and property during an accident; in other words, the damage that you are legally responsible for.
- Liability insurance policy limits vary based on what you choose. Your state will most likely require you to carry certain minimums, but you may choose to carry more. The higher your liability limits, the more your policy will cost.
- According to Progressive.com, liability insurance limits will be stated as three numbers separated by backslashes---for example, 100/300/50. This means that the insured has $100,000 in bodily injury coverage per person, a total of $300,000 in bodily injury per accident (even if there are more than three people injured) and $50,000 in property damage per accident.
previous post