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WHAT IS BI: 
"B.I.", or Bodily Injury coverage is a protection against being sued when a person covered by your auto policy becomes legally responsible for injuries of others.

OUR OPINION: 

$250,000 per person, $500,000 per accident should be the minimum choice anyone takes.

We would suggest your bodily injury limit should be no less than twice the amount of all the "assets" you have to your name.

​Assets would be things like value of homes/property in your name, money in the bank, money in retirement or investment accounts, and other things of value.

Homeowners pretty commonly need at least $500,000/$500,000 if not $1million/$1million.

State Minimum for reference is $50,000/$100,000.

OUR REASONING:

  1. Liability is CHEAP, compared to other parts of the policy. You can often increase levels of coverage for $10's of dollars, gaining hundreds of thousands of dollars in coverage. 
  2. If sued, you may be responsible for hundreds of thousands, if not millions; having at least twice in coverage as you do in assets assures you are well protected. 
  3. Having too little in limits allows the court ruling to fall onto you and your personal finances. Its never a fun day to have to pay money out of your account, home's equity, your retirement or even future earnings
  4. Garnishment of future wages is why it is important for young people, who have longer earning potentials, to have the proper coverage even if their assets are not built up yet. Those that are set to make a very good earning have more to lose.  
  5. Death, loss of function or severed limb, loss of cognitive ability, age ranges: they are all pre-determined to be a certain dollar amount, and if you cause one of those things, they are all in the hundreds of thousands of dollars range.
  6. Comparative Negligence was brought into play (see the next section for more on that)

HOW DOES B.I. WORK?

Bodily Injury coverage pays out in the case that you and/or your resident relatives were at fault in an auto accident.

You no longer have to be 51% fault or more for you to be financially responsible; July 2020 brought the No Fault reform. In it, the State introduced "Comparative Negligence", which says that any amount of fault you have in the matter and you are responsible for that part of the other party's bodily injuries. 

Car accidents being so dangerous/severe, there can still be a substantial cost even if you were less than 50% at fault. 

WANT TO KNOW MORE?

We would love to talk more on this! We always have time for customers that want to know more about their insurance.