In the case of an accident or other catastrophe involving a vehicle, auto insurance can assist in protecting you financially. Every driver in the state of Georgia must carry liability insurance with a specified minimum limit. The Office of the Insurance and Fire Commissioner issues licenses to insurance businesses in Georgia and oversees their operations. Here is the place to go if you’re having trouble with your insurance company: the Office of Insurance and Safety Fire Commissioner. A certified car accident attorney can also help you with questions about your homeowner’s or car insurance.
Understanding the various alternatives for auto insurance coverage can help you choose the policy that best suits your needs.
Bare minimums of Georgia law
In Georgia, the following forms of liability insurance are considered “minimum”:
For physical harm claims, $25,000 is the limit per victim.
Damages for physical harm are capped at $50,000 per incident.
Property damage liability insurance limits of $25,000 per incident
If you cause harm to another person or their property while driving, this insurance can help compensate them for their losses. This insurance does not cover you or your vehicle in the event of an accident.
More Insurance Choices in Georgia
Other than liability insurance, Georgia residents can choose from a variety of alternative protection plans, including:
To assist in defraying the cost of fixing or replacing your own vehicle after an accident, you can purchase collision insurance. It pays for repairs after a collision with another vehicle or an immovable object like a tree or fence.
Damage to your car that isn’t the result of an accident can be costly. Comprehensive coverage can help defray such costs. This encompasses things like burglary, vandalism, and even natural calamities that inflict property damage.
Your medical bills and other costs from an accident involving a driver who does not have insurance or who do not have adequate insurance will be covered under uninsured/underinsured motorist coverage. This protection is crucial but is sometimes ignored by insurance brokers. This type of insurance typically offers the best value for the money. Another thing to keep in mind is that “stacked” or “conventional” coverage for uninsured motorists is preferable to “reduced by” coverage.