The purpose of liability car insurance in Chicago is to put a level of protection between you and financial loss that could happen as a result of an auto accident.
Anytime you get behind the wheel of a car you have a substantial possibility of having a loss due to damage to someone’s person or property.
With liability protection, the insurance company will then indemnify you, or cover you, for that loss to set limits. In the state of Illinois, the limits are 20,000 for person, 40,000 per accident, and $15,000 for property damage.
Once you have those limits established, number one you are now in compliance with state law, which is important because you don’t want to get pulled over and get a ticket for driving without insurance Chicago.
Secondly, in the event of a loss, you know that there’s protection there against financial disaster because if you had a $40,000, $50,000 loss, that’s a lot of money out of your pocket.
With liability protection, you have that cushion, that comfort of knowing that there’s a Chicago Il insurance company standing behind you protecting you and your money.