For many motorists, these minimum liability coverages are the foundation of an auto insurance policy. If you're injured in a car accident, the at-fault driver's car insurance generally takes effect to help you pay for your medical bills, lost wages, and other expenses. The minimum limit refers to the maximum amount of money your insurance company will pay in the event of a covered accident or claim. Under Illinois insurance laws, auto insurance companies must offer motorcyclists UMPD and UIM coverage.
The SR-22 is a certificate of financial responsibility that your insurance company submits to the state of Illinois. In that case, your driver's license will be suspended for three months and your license plates will be suspended until you provide proof of insurance. If you're involved in a car accident, an auto insurance policy can offer valuable financial protection to cover your expenses. Underinsured motorist bodily injury coverage (UIMBI) offers financial protection if you're injured in an accident with an at-fault driver who doesn't have enough liability insurance to fully cover your medical expenses.
If you or an insured driver under your policy cause an accident that causes injuries or the death of another person or people, bodily injury liability (BIL) coverage can cover your medical expenses and lost wages. The easiest way to demonstrate financial responsibility is with a personal auto insurance policy that meets the state's minimum insurance requirements. Your auto insurer is committed to helping you pay for losses as defined in your policy in exchange for paying your premium. Property damage liability (PDL) coverage can pay for damage that you or an insured driver under your policy cause to someone else's property.
While minimum liability insurance offers some coverage, it may not be enough if you are involved in a serious accident. The minimum coverage only protects third parties injured in an accident and drivers involved in an accident with an uninsured driver. Bodily injury coverage for uninsured drivers (UMBI) is a type of liability insurance that can cover your medical expenses if you are injured in a hit and run or in an accident caused by an uninsured driver.