Who Needs Liability Insurance in New Jersey?

If you’re wondering who needs liability insurance when considering auto insurance in New Jersey, the short answer is: everyone. It is required for all vehicles registered in the Garden State, as well as many other states. The two types - bodily injury coverage and property damage coverage - pay others for damages you cause if you are responsible for a car accident.

It is also available through other types of insurance, including homeowners, motorcycle, boat, and more. The limits you choose should be sufficient enough to cover the value of your assets in the event of a lawsuit stemming from damage you have caused or are responsible for under your policy.

If the value of your assets exceeds your liability limits, you can purchase supplemental coverage through an umbrella policy. An umbrella policy through Plymouth Rock can increase your limits by up to $5 million. When considering an umbrella policy, it’s important to think about the value of all of your assets - your home, your savings, your valuable possessions - and the potential costs of being sued if you are responsible for injuries to others in a car accident or if someone is injured on your property. It is not uncommon for injury and liability awards to reach $1,000,000 or more.

Another type of liability insurance is general liability. Also known as GL, this provides business operators with coverage for property damage, bodily injury, and personal injury. Besides general liability, contractors and business owners with small commercial fleets should consider commercial auto insurance.

Purchasing an appropriate level of coverage can give you peace of mind with protection for the valuable assets you’ve worked hard to earn. Of course, there’s no need to calculate an appropriate level of it on your own. A Plymouth Rock representative or your agent can help you find the right level of coverage to meet your needs.  You can also learn more information from them about the risks of driving without car insurance.

Call 855-993-4470, get your free quote online, or find an agent and learn more about liability insurance in New Jersey. If you need additional information it can be found on our Contact Us page.