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Liability Insurance
Cheap Liability Insurance Only Requires Minimum Coverage
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[QUOTE="Fecoms, post: 61, member: 1"] You take out cheap liability insurance for protection against third party claims made against you for any accidental damage or injury to their car, which you might have caused. If you are unlucky enough to be involved in an accident where someone else is at fault, then you will need to take out your own insurance to pay for the damages. The costs of this can add up quickly. For this reason, it would be wise to consider taking out cheap liability insurance. But what does cheap liability insurance cover? Cheap liability car insurance will not provide you with total coverage for your claim if you injure somebody else or damage their property. If, for example, you hit somebody while driving and they suffer an injury, then the legal costs will probably have to come out of your own pocket. Without proper liability coverage, you could find yourself paying hospital bills for the injured person and perhaps paying out a substantial amount towards legal fees. You'll need to show the courts that the other driver was at fault in order to recover any expenses from them. In the unlikely event that you can successfully sue them, cheap liability coverage will not help you to do so.[IMG align="right" type="full"]https://i.imgur.com/UXUF5Zi.jpg[/IMG] However, it is important to realize that cheap liability car insurance is not necessarily the cheapest option. The quotes are a way of showing you how much you can expect to pay for auto insurance. If you decide to purchase additional insurance coverage, the premiums may still be cheaper. You should ask for a variety of rates, and not just the lowest premium rate. You should shop around to get the cheapest liability car insurance possible. Many people opt for only minimal auto liability insurance coverage. They think that it will be sufficient to cover their expenses if they are found at fault in a car accident. That's because minimum coverage will protect you only for property damage or bodily injury and not for medical expenses. Medical expenses are covered by the auto insurance policy, not by the minimum liability policy. This is especially important when you have employees in your company. Employees might have medical needs, and the company might have a benefits package. Some companies also offer to pay for funeral expenses, but you can't deduct these costs from your gross income tax. Only the minimal commercial auto liability insurance required by law will pay for those things. And if you're found at fault in a car accident, the damages to your own vehicle can be deducted. If your state requires a commercial liability insurance coverage, the rates are often higher than for a residential policy. This is because your risks are great for business vehicles, and there is more risk for them. The lower your deductible, the higher your premium. The best approach is to select the minimal commercial auto liability insurance coverage that is required by your state, and then raise your deductible. This will bring down your premium immediately and save hundreds of dollars a year on your car insurance. Finding cheap liability insurance is easy. The key is shopping around. Once you've compared quotes online, you'll know what is the best deal for you. And when you have your quotes in hand, you can negotiate further. Remember to always have a current policy in hand - that way, you won't have to pay for car insurance coverage you no longer need. [/QUOTE]
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Cheap Liability Insurance Only Requires Minimum Coverage
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