Liability coverage
This is often referred to as "at-fault" coverage. The purpose is to pay for an injured victim’s damages when the individual insured under the insurance policy was at fault for the auto accident.
Georgia law requires that every liability insurance policy carry a minimum of:
· $25,000 bodily injury liability per person
· $50,000 bodily injury liability per accident
· $25,000 property damage per accident
The amount of coverage provided by the insurance policy is the maximum amount of money that the insurance company will pay if their insured is at fault for the accident.
Bodily injury liability coverage only applies to injuries that an at-fault driver causes to other people. It does not cover any costs associated with injuries sustained by the at-fault driver.
By the same token, liability property damage coverage only pays for damages that the at-fault driver causes to another driver's vehicle. It does not pay for the damage sustained to the at-fault driver’s vehicle.
underinsured motorist coverage (UIM)
Underinsured Motorist Coverage (UIM) is part of your own insurance policy and provides protection in the event that you are injured in a wreck and the at-fault driver does not have enough coverage to pay for all of your damages. Just like UM coverage above:
- Coverage is optional
- Family may be covered
- Coverage follows you
Medical Payments Coverage
Commonly referred to as MedPay, this is another optional type of coverage and is used to pay your medical bills up to the dollar amount of coverage that you purchase.
It can be used in conjuction with settlement funds you receive from the at-fault insurance carrier and UM/UIM carrier, and you can even access the funds if you were at fault for the wreck.
Anyone who is injured while riding in your vehicle will also be entitled to this coverage.
