Liability Only – When Do I Want More Coverage?

by: Kris Castle

I get it. Most of us want to spend the least amount possible on our insurance! What does liability-only even mean?

Liability – only coverage will only pay out if you are at fault in an accident. It will pay for the other driver’s injuries and property damage to their vehicle, as well as damage to a building, structure, pole, etc. There is no coverage for your vehicle with this type of coverage.

We usually write older vehicles that aren’t very valuable and wouldn’t cost much to replace. Vehicles that have current damage, like a broken windshield, rust, or previous collision damage that hasn’t been repaired would not qualify for anything other than liability coverage.

There is another coverage that you may want for an older vehicle that is inexpensive. It is comprehensive coverage and would cover glass, theft/vandalism, and hail damage.

If you have a lien on your vehicle, your lender will require you to carry comprehensive and collision coverage, so make sure you don’t remove that coverage to save money!

Be sure to discuss all your coverages with your agent to be sure you have what you want.