The basics of Chicago car insurance

Feb 09

It should be a common fact and make sense that every vehicle owner in Chicago should have some sort of insurance coverage, regardless if the vehicle is brand new or a pre-owned. A car insurance policy is like an amulet, it can provide you protection during accidents.

According to this website, in the state of Illinois, the law requires that car owners should both have coverage for “liability insurance” and “uninsured motorist coverage.” Vehicle owners are required to have liability insurance for them to be able to pay other people or vehicle owners that they injured or have their properties damaged in an accident.

A vehicle driver with liability insurance is capable of shouldering the medical expenses of the person they injured in an accident, same goes to other vehicles that they damaged. Liability insurance coverage is capable of reimbursing repair funds of people whose vehicles are damaged by a policyholder. In Illinois, the minimum liability coverage for a person who was injured in an accident is $25,000 and a total of $50,000 per accident that resulted to injury. The minimum coverage for property damage is $20,000. Liability insurance policyholders should understand that their personal injuries and damaged properties are not covered in the policy.

On the other hand, vehicle drivers who have been injured in an accident may get financial assistance needed for their hospitalizations if they are covered by uninsured and underinsured motorist insurance. Drivers covered by uninsured motorist insurance may also shoulder the medical expenses of the injured passengers inside their vehicles. The state of Illinois set the minimum coverage for under and uninsured motorist insurance to $25,000 per person and a total of $50,000 in every accident. This kind of insurance should be clear for policyholders that it will not cover property damages. Vehicle drivers covered by car insurance should not be alarmed if they have been injured by uninsured vehicle drivers.

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