Financial Planning ToolkitCCH Financial Planning Toolkit
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Insurance and Risk Management
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Coverage A: Auto Liability

You've heard the old saying: "You can never be too rich or too thin." Add to that: "You can never have too much auto liability insurance." Skimping here could affect your entire financial future.

Basic auto liability coverage protects you for:

  • Liability for bodily injury or property damage resulting from accidents involving your vehicle
  • Cost to defend yourself against bodily injury and property damage allegations resulting from accidents involving your vehicle
  • Cost to repair your vehicle that are damaged in an accident
  • Cost to rent a replacement vehicle while your damaged vehicle is being repaired

Optional extended coverage may be included for:

  • Liability for bodily injury and property damage resulting from accidents involving vehicles you own, rent, or lease
  • Liability for bodily injury and property damage resulting from accidents involving vehicles owned by others that are being used in your business at the time of the accident
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