States require you to have a certain level of auto insurance so that you have coverage in case you are in an accident. One of the required and most important parts of auto insurance policies is bodily injury liability insurance. This will pay for any injuries that you cause to other drivers if you are at fault in an accident. Depending upon the state you are in, it also may cover your medical expenses as well regardless of who was at fault (in no-fault states).
Most states require you to have a certain level of bodily injury insurance to pay for the damages that you cause other drivers. States have various minimum amounts, but you can opt to have more insurance if you like. This is often a good idea especially if you have a lot of assets, as a personal injury lawsuit could be for an amount far above the minimum amount of required insurance.
A bodily injury policy is typically stated in a three-number format, such as 25/50/25. The first number is the amount that is covered for a single person in an accident – $25,000 of bodily injury. The second is the amount that is covered in the whole accident – $50,000. The third number states that the policy would cover up to $25,000 of property damage in an accident.
In Oregon, you are required to have insurance that covers $25,000 for one person’s injuries and up to $50,000 per accident. But remember, this is only the minimum requirement and is often a smart idea to carry more insurance than this. If you cause an accident that causes the other party $100,000 of personal injuries, you could be required to pay the rest out of your pocket.
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