Arizona requires that the owner of a vehicle must have liability insurance on their vehicle. Why is liability insurance so important? This kind of insurance provides protection. So, for instance, if you’re sued because you caused an auto accident, then the liability insurance portion of your policy typically covers the cost to defend you and settle any claims or pay any judgments rendered against you.
On the other hand, if a negligent driver injured you, then we will make a claim under liability coverage through their insurance policy. That being said, liability insurance is not health insurance. It is not meant pay for medical pays. It is designed to pay out a one-time settlement for damages incurred.
The following is the liability insurance minimums required by Arizona law:
- $15,000 for bodily injury or death of one person in any one accident.
- $30,000 for bodily injury or death of two or more persons in one accident, not to exceed the per-person limits above.
- $10,000 for injury or harm to property of others in an accident.
It is wise to consider purchasing higher amounts of liability insurance in order to protect your personal assets. In Arizona, if you’re the negligent driver, the jury will not even be told whether or not you have insurance coverage. Therefore, if the verdict rendered by the jury is more than your liability coverage, you must pay the difference out of your own pocket.
If you’ve been seriously hurt in a car accident in Arizona, the skilled Phoenix personal injury lawyers at Breyer Law Offices, P.C. can help. Contact us today for a free, no-obligation consultation.