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Full coverage insurance can include $30,000 to $500,000 in bodily injury liability coverage per accident, depending on the state and insurer. Bodily injury liability insurance is a standard part of full coverage, in addition to property damage liability, collision, and comprehensive coverage. To be clear, full coverage is not a specific type of insurance but rather a blanket term referring to any policy that includes comprehensive and collision insurance in addition to state minimum coverage requirements.
The amount of bodily injury liability insurance that you need depends on your state and your net worth. In most states, drivers are only legally required to purchase between $30,000 and $100,000 in bodily injury liability coverage per accident. But it’s generally a good idea to purchase enough liability insurance to cover your net worth instead of only purchasing your state’s required coverage. For the average driver, a $300,000 bodily injury liability policy will be sufficient, but many insurers allow policyholders to purchase limits up to $500,000.
If your net worth is more than $500,000, you should consider purchasing a personal umbrella policy in order raise you liability limits even higher. Most umbrella policies offer a minimum of $1 million in coverage, and some insurers offer limits of $10 million or more.
To learn more, check out WalletHub’s guide to bodily injury liability insurance.
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