Basic Car Insurance, what it really covers

People always say something “basic” when they are asked what kind of coverage they want or need for their auto insurance. What is “basic” really? Something basic is usually perceived as only what is required by law, meaning basic liability. The requirement in Califo
ia for liability is Bodily Injury coverage of $15,000 per person, $30,000 per accident and Property Damage of $5,000. This is the amount of what your company would pay towards the party you hit. Basically, there is absolutely no coverage for you if you are at fault and if whoever you hit has more than $30,000 worth of bodily injury costs as in medical payments, loss wages, pain & suffering- that means anything more than that, will be coming out of your pocket. In addition, if you accidentally hit a vehicle that cost $12,000 and it is totaled- you will be paying $7,000 out of your own pocket.
This is why it is so vital to have higher coverage. Bump your limits up to $50,000 or $100,000 to ensure your financial being. You do not want to jeopardize your belongings and future due to a lawsuit you could not afford. No one ever realizes that it is worth paying an extra $20 a month for better and higher coverage until they experience being in a horrible financial status due to being financially irresponsible.
Many people want the cheapest price for liability and agree to delete uninsured motorist coverage. This usually does not make any sense because if you are paying $30 a month to protect someone else for your irresponsibility, what is an additional $7 a month to protect yourself as well as your family from drivers who are not insured. Can you really afford medical payments if someone hits you and they do not have insurance? Can you afford to pay out of pocket to fix your car’s damage if an uninsured driver hits you? People assume that just because they are not at fault- whoever hit them is responsible. Well yes, but how can you force someone to pay for your medical bills and car damage if they do not have any money or own anything? What then? Sure, they will have to pay for it in the long run but do you really have years to wait on getting a settlement? No. No one does. This is why uninsured motorist coverage was created- To protect ourselves somehow from the irresponsible drivers out there.