What happens if my liability insurance limits are exceeded in an accident?

If your liability insurance limits are exceeded in an accident, you may be responsible for paying the remaining costs out of pocket. This could include property damage, medical bills, and legal expenses. If you cannot afford to pay these costs, you may face lawsuits or have your assets seized. It is important to make sure you have enough liability coverage to protect yourself in case of an accident. It’s a good idea to speak with your insurance agent to understand your policy limits and explore options for increasing your coverage if needed.

Posted by Alyssa DiCrasto

Alyssa uses her many years of experience writing about complex industries to research and create clear content that makes insurance easy to understand. She has been with Rate Retriever since its beginning, establishing our strict editorial policy and directing our comparison experience.

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