Third party bodily injury coverage: understand!

Are you still confused about third-party bodily injury coverage in auto insurance? Don't worry, this is common. Read this article to understand this topic better.

Many people do not pay due attention to third party bodily injury coverage in auto insurance.

Either because they don't understand how it works, or simply because they don't think it's necessary.

But the truth is that you never know when an accident might happen for which you are responsible, and if it does happen, having third party bodily injury coverage in your auto insurance can make all the difference.

Understand better how this coverage works and why it is so important.

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Understand what third party bodily injury coverage is in auto insurance

This coverage for bodily injury to third parties in auto insurance only covers physical or moral injuries caused to other people in accidents for which the insured is responsible.

That is, if you have this coverage in your auto insurance, and you accidentally cause a collision where one or more occupants of the other vehicle are injured, or even run over a person.

Third party bodily injury coverage in auto insurance will cover all necessary hospital and medical costs.

If, due to a major misfortune, the victim in question suffers some type of permanent or temporary disability, or even dies, the coverage for bodily injury to third parties in the auto insurance may also cover the compensation for bodily injury that is the right of the respective beneficiaries.

There is also the possibility of legal action for bodily injury resulting from the accident, and if this occurs, this coverage also covers legal costs, attorney fees and necessary compensation.

How does third party bodily injury coverage work in auto insurance?

This entire range of situations is guaranteed by third party bodily injury coverage in auto insurance.

However, it is important to note that this coverage has a maximum service value, which must be stipulated in advance in the policy, when contracting the service.

Insurance companies generally offer an initial value of R$50,000 as standard, however, it is not always a good idea to opt for this minimum. It is more worthwhile to invest in values ​​starting at R$100,000.

The main reason for opting for a higher minimum amount is that this is not cumulative coverage.

In other words, if you cause an accident and have to pay R$25,000 in compensation and medical costs, for example.

If you are involved in a second accident during the same period of validity of your policy and need to cover the medical and compensation costs, you will only have R$75,000 left for this.

If, in this second situation, you have expenses of R$80,000, R$5,000 will have to come out of your own pocket. Therefore, it is interesting to hire a higher amount.

It is also important to make it clear that this type of insurance is only valid after the victim has already filed a claim and received the amounts owed to them by DPVAT.

In other words, the compensation and reimbursements made by your insurance to the victim of the accident caused by you will only be released after the victim receives all of their DPVAT rights.

Why take out third party bodily injury coverage in auto insurance if there is DPVAT?

Some people do not consider it necessary to purchase this type of coverage, due to the existence of DPVAT, a mandatory insurance paid annually, which provides compensation in these same situations.

The big issue is that DPVAT has compensation with pre-defined limit values ​​and the maximum paid by the agency does not always actually cover all the expenses that were necessary in certain accidents.

Third party bodily injury coverage in auto insurance serves as a compensatory complement to DPVAT, which often ends up providing a value much lower than that necessary to reimburse all expenses involved.

Therefore, it is more interesting to take out third party bodily injury coverage in your auto insurance.

Therefore, if you are forced to pay compensation much higher than the limit provided by DPVAT, this money will not need to leave your bank account.

What are the maximum amounts paid by DPVAT?

As previously stated, the maximum amounts paid by DPVAT are considerably low and often do not meet all the needs of victims of traffic accidents.

To give you an idea, the maximum amounts paid to victims of traffic accidents, registered in national territory, are:

• Compensation in case of death R$ 13,500;
• Compensation in case of permanent disability R$ 13,500. This is the maximum amount, since the amount received by the victim will be compatible with the type of after-effects left by the accident;
• Compensation of up to R$2,700 for reimbursement of hospital and medical expenses.

It is also worth mentioning that these amounts can be claimed from Seguradora Líder, the company responsible for administering DPVAT, only within three years from the date of the accident.

Does third party bodily injury coverage in auto insurance have a deductible?

Another interesting factor about third party bodily injury coverage in auto insurance is that, to activate it, there is no deductible payment.

This means that you will not need to pay any amount for the insurance to cover the necessary costs in an accident caused by you with victims.

Find out what third party bodily injury coverage in auto insurance does not cover

As previously stated, this coverage only covers physical damages, injuries, caused to third parties. Therefore, it does not cover cases where psychological or aesthetic damages occur.

Contrary to popular belief, coverage for bodily injury to third parties in auto insurance does not significantly increase the final value of the insurance policy.

When compared to the expenses that will be avoided by the insured in an accident where such situations occur, this increase ends up being insignificant.

It is also important to make it clear that this and all other options offered by insurance companies are valid when it is proven that the insured was acting lawfully.

Therefore, if the accident is caused by drunk driving or even an illegal race, the insured will not be able to count on auto insurance.

What happens if you are the victim of an accident? How can you count on bodily injury coverage under auto insurance?

If you are the victim of a traffic accident and the person responsible has insurance that covers bodily injury, don't worry. You will only need the person at fault to make a claim on their insurance.

You will be the third party on his insurance and will have all your medical and hospital expenses and compensation, if necessary, paid by the insurance company.

Being able to count on third party bodily injury coverage in your auto insurance, in addition to guaranteeing you extra peace of mind, in relation to exorbitant expenses in accident situations where the insured is responsible.

It also guarantees that all compensation and legal and legal costs will be paid, without you having to pay any amount out of your own pocket.

Therefore, invest in third party bodily injury insurance in your auto insurance, and do so with a considerable amount stipulated in the contract.